Creditors up Yeochun NCC's L/C to US$300 mln for naphtha import
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Source: South Korea
Published: 2026-05-07 16:39 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: South Korea, Economy & Finance, Trade & Sanctions, Business & Economy, Retail
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Snippet:
SEOUL, May 7 (Yonhap) -- Creditors of Yeochun NCC, a major producer of ethylene products in the country, decided to raise the upper limit of the company's letter of credit (L/C) to US$300 million, to help secure naphtha supplies, the financial regulator said Thursday.
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