Arab Today, arab today kdb provides 200bn won loan to facilitate sale of hyundai securities
Last Updated : GMT 02:31:44
Arab Today, arab today
Arab Today, arab today

KDB provides 200bn won loan to facilitate sale of Hyundai securities

Arab Today, arab today

Arab Today, arab today KDB provides 200bn won loan to facilitate sale of Hyundai securities

Seoul - Yonhap

State-run Korea Development Bank (KDB) said Wednesday that it has extended a 200 billion won (US$192 million) loan to Hyundai Merchant Marines to help speed up the sale of its affiliate, Hyundai Securities Co. The lender said the asset-based loan will allow the shipping company to transfer 14.9 percent of its holdings in the brokerage house to a trust. The company had owned a 22.4 percent stake in the securities firm before the move.

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