Goryeo Industries Decides to Increase Short-Term Borrowings by 12.7 Billion Won

[Asia Economy Reporter Hwang Yoon-joo] Goryeo Industry announced on the 18th that it has decided to increase short-term borrowings by 12.7 billion KRW. This amounts to 11.95% of its equity capital.

Goryeo Industry explained, "This is to expand the credit limit for import letters of credit (raw material purchases) due to the sharp rise in international grain prices and exchange rate increases."