Dongwon Development guarantees KRW 63.6 billion debt for Newstar Daemyung First SPC loan
Bitget2026/09/28 08:51- Dongwon Development’s board on Sept. 28, 2026 resolved to provide a joint and several debt guarantee for Newstar Daemyung First SPC.
- Guarantee set at KRW 63.6 billion for a KRW 53 billion loan from Busan Bank and other lenders, equal to 120% coverage.
- Guarantee period runs from Sept. 30, 2026 to Sept. 30, 2030, tied to expected loan drawdown and repayment dates.
- Total outstanding debt guarantees, including this transaction, stand at KRW 199.2 billion.
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