$HANWHA

Hanwha Machinery & Service Holdings Extends KRW23 Billion Loan to Hanwha Robotics

Hanwha Machinery & Service Holdings has extended a loan amounting to 23 billion won to Hanwha Robotics, according to a Wednesday filing with the Korea Exchange.The loan has an interest rate of 4.60%.Hanwha Machinery & Service Holdings is the holding company for the Hanwha Group's technology and life businesses, while Hanwha Robotics is a developer of innovative technologies such as collaborative robots.Shares of Hanwha Machinery & Service Holdings fell more than 2% in recent trade.