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IPARK Hyundai Development Approves KRW108 Billion Debt Guarantee to Seongsung Development

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HDC (KRX:012630) said its unit IPARK Hyundai Development Company (KRX:294870) will provide a 108 billion won debt guarantee for Seongsung Development, according to a Tuesday filing with the Korean Exchange.

The South Korea-based real estate company said the guarantee covers loans from KB Insurance and other creditors and represents 3.4% of its equity capital.

The guarantee will run between Aug. 20, 2026, and Jan. 20, 2030.

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