DL subsidiary DL Chemical said on the 20th that it converted 150 billion won in lending to Yeocheon NCC into equity.

The shares in Yeocheon NCC that DL Chemical will acquire total 7,736,345, and it plans to acquire the equity on the 26th. DL said it made the purchase to improve Yeocheon NCC's financial structure.

In front of Yeocheon NCC Plant 3 at the Yeosu National Industrial Complex in South Jeolla Province./Courtesy of News1

DL Chemical said, "We expect to improve Yeocheon NCC's financial structure through this debt-to-equity swap. We will do our best in every aspect, including securing self-sustainability through the normalization of Yeocheon NCC."

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