Insung Information extends KRW 4.75 billion guarantee for subsidiary by one year
SHG•Insung Information extended its KRW 4.75 billion debt guarantee for iNetBank by one year, to Oct. 22, 2027. The guarantee covers KRW 4.3 billion in borrowings, and total outstanding guarantees were corrected to KRW 27.93 billion.
1. Guarantee extended
Insung Information said in an Oct. 22 correction that its Shinhan Bank guarantee for subsidiary iNetBank now expires on Oct. 22, 2027, one year later than previously stated. The guarantee is KRW 4.75 billion and covers borrowings of KRW 4.3 billion. Revised equity of KRW 88.22 billion put the guarantee-to-equity ratio at 5.38%, up from 5.33%; total outstanding guarantees were corrected to KRW 27.93 billion from KRW 33.47 billion.
