Kaon Group unit Kaon Broadband gets KRW 13.53 billion debt guarantee from parent
Bitget2026/10/14 07:46- Kaon Group will guarantee KRW 13.53 billion of bank debt for subsidiary Kaon Broadband.
- Guarantee backs a KRW 12.3 billion loan from KB Kookmin Bank.
- Guarantee runs from Oct. 15, 2026 to Oct. 15, 2027.
- Total outstanding debt guarantees, including this transaction, stand at KRW 123.23 billion.
- Kaon Broadband plans to use the new borrowing to repay a USD 9 million foreign-currency loan in full.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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