Overview

ICBC provides ₩100 million KRW loan to SK Holdings Co., Ltd. for unspecified purposes

Commitments (Constant USD, 2023)$94,094,597

Commitment Year•2017Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 31, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

SK Inc. (formerly SK Holdings)

Loan description

ICBC provides ₩100 million KRW loan to SK Holdings Co., Ltd. for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

Between October 1 and December 31 2017, the Industrial and Commercial Bank of China (ICBC) entered into a ₩100 million KRW loan general loan agreement with SK Holdings — a Korea-based IT services and holding company — for unspecified purposes. The loan had been partially drawn by March 2018.