Loan guarantees among conglomerates' affiliates
Seoul - Yonhap
Loan guarantees made among affiliates of South Korea's major conglomerates nearly doubled this year, the corporate watchdog said Monday. According to the Fair Trade Commission (FTC), loan guarantees made among the affiliates of the nation's 55 conglomerates came to 2.93 trillion won (US$2.72 billion) as of April 5, compared with 1.52 trillion won tallied a year earlier.
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