Loan Guarantees Among Conglomerate Units Jump 21 pct This Year

SEOUL, Dec. 21 (Korea Bizwire) — Loan guarantees among affiliates of South Korea’s top 30 conglomerates surged nearly 21 percent in the first nine months of the year due to a credit crunch stemming from high interest rates, a corporate tracker said Wednesday. The debt payment guarantees among 207 out of the groups’ affiliates totaled [...]