Taeyoung Construction Decides on 50 Billion KRW Debt Guarantee

[Asia Economy Reporter Hwang Junho] Taeyoung Construction announced on the 30th that it has decided to provide a debt guarantee to supplement funds (debt assumption in case of non-fulfillment) for the loan of project expenses by Yunhan Development, the project operator of the new construction of a residential-commercial complex in Yucheon-dong, Daejeon. The guarantee amount is 50 billion KRW, which corresponds to 7.05% of its own capital.