Corporate Information

- Early repayment of 180 billion out of 340 billion borrowed loans from Meritz Securities

- Full repayment of loans from the holding company 'Polar Energy & Marine'

- “Mid- to long-term transportation contracts and bulk ship business this year”

Polaris Shipping is stepping up efforts to recover its financial soundness through early repayment of loans.

Polaris Shipping announced on the 1st that it had repaid 180 billion won out of 340 billion won in loans borrowed from Meritz Securities in September last year early and received full repayment of loans from its holding company Polar Energy & Marine.

This repayment of Polaris Shipping loans is the second repayment after repaying 70 billion won at the end of last year. As a result, Polaris Shipping has repaid a total of 250 billion won in loans early so far, with the remaining amount being 90 billion won. In addition, loans from holding companies were fully repaid, ensuring transparency in fund transactions between affiliates.