[Asia Economy Reporter Oh Su-yeon] Kolon Global announced on the 22nd that it has decided to provide a debt guarantee of 268 billion KRW to Intention Development.


This amount corresponds to 43.69% of its equity capital. The debt guarantee period is until March 21, 2024.


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This debt guarantee is disclosed in relation to the construction company’s fund supplementation and debt assumption in case of non-fulfillment for the Daejeon Seonhwa-dong 3rd phase mixed-use residential and commercial development project.


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