Korea Engineering Consultants Takes On Conditional KRW 42.7 Billion Debt Assumption Obligation
Bitget2026/10/29 07:25- Korea Engineering Consultants agreed Oct. 29, 2026, to conditionally assume KRW 42.7 billion in debt tied to a Seoul rental-housing project.
- The obligation, equivalent to 25.03% of equity, arises if construction misses its 29-month completion deadline, extendable by up to 90 days.
- The disclosed amount covers loan principal only. The obligation expires if construction is completed on time.
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