The Korea Herald

피터빈트

Taeyoung to stand surety for W489b loan

By 박윤아

Published : Aug. 10, 2016 - 16:19

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[DISCLOSURE] Taeyoung Engineering&Construction (009410) said on Aug. 10 that it has decided to underwrite debt, worth 489.5 billion won (US$444 million), for investors of Gwangmyeong station area development project. The amount is equivalent to 38.7 percent of the company’s capital equity. The creditors are KEB Hana Bank (086790), Kwangju Bank (192530) and Jeonbuk Bank (175330).