[Asia Economy Reporter Kwon Jae-hee] KBI Dongguk Industrial announced on the 27th that it has decided to lend 11,397,600,000 KRW to its affiliate, Dongguk Mexico Corporation. This amount corresponds to 6.9% of its equity capital.
The loan period is from May 27, 2022, to May 26, 2023.
The company explained that it is a "loan of operating funds to resolve liquidity issues."
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