Seoul Baedal and Ttaenggyeoyo first-half sales 891hundred million won, card firms face short-term borrowing burden

Seoul Baedal and Ttaenggyeoyo posted combined sales of 891hundred million won in the first half of this year. This figure reflects the results tally for both companies in the first half.

In the first-half tally for this year, the combined sales of the two companies were shown as 891hundred million won. The companies disclosed their first-half results.

In the same period, the number of recipients of government-stats-based parental leave benefits exceeded 10ten thousand. The share of male recipients was 38.8%.

The outlook is that the number of recipients will record the highest level ever by the end of the year. The final figure will be confirmed once the annual cumulative tally is completed.

Disclosures from the financial sector and industry reports said card companies are facing rollover pressure on short-term debt. It was also reported that the share of short-term borrowings has increased.

Some card companies issued disclosures on liquidity management, citing higher rollover costs for short-term debt with a concentration of maturities. The related disclosures included details on the rising share of short-term borrowings.

Investors and market participants can check each company’s additional disclosures and the government’s annual tally results. If future disclosures show specific changes in figures, the tally may be revised again.