[Edaily Reporter Hyera Lee ] #INSUNG INFORMATION CO., LTD announced on the 1st that it has decided to provide a debt guarantee worth 3.6 billion won for a loan taken out by its subsidiary, iNet Bank, from the Korea Development Bank.
This debt guarantee is in connection with the extension of the maturity of iNetBank’s 3 billion won working capital loan, and the guarantee amount represents 4.08% of the company’s equity. The guarantee period runs from today through July 1 of next year.
Including this guarantee, the company’s total outstanding debt guarantees amount to 34,628.8 million won. Of this amount, debt guarantees related to iA, Inc. total 18,718.0 million won, representing 21.22% of the company’s equity.
This debt guarantee is in connection with the extension of the maturity of iNetBank’s 3 billion won working capital loan, and the guarantee amount represents 4.08% of the company’s equity. The guarantee period runs from today through July 1 of next year.
Including this guarantee, the company’s total outstanding debt guarantees amount to 34,628.8 million won. Of this amount, debt guarantees related to iA, Inc. total 18,718.0 million won, representing 21.22% of the company’s equity.
