Lotte Group Chairman Shin's Loan Rate Rises to 4.56% on June 28 Extension

According to Yonhap Infomax, Lotte Group Chairman Shin Dong-bin extended a collateralized stock loan of 90 billion Korean won on June 28, with the interest rate rising to 4.56% from the previous 3.86%. The loan maturity was extended to June 28, 2027. Shin holds a total of 242.9 billion won in collateralized stock loans backed by Lotte Group and Lotte Shopping shares, with collateral maintenance ratios set at 110%.
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