Hojun Industrial announced on the 29th that it has decided to provide a debt guarantee for its subsidiary Daeyong Trading.
The creditor is IBK Industrial Bank, and the debt amount is 6,797,500,000 KRW.
The debt guarantee amount is 8,157,000,000 KRW, which is 5.4% of the equity capital of 151,689,580,000 KRW. The debt guarantee period is until November 29.
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