An unnamed company official told the Korea Economic Daily that KRW 300bn ($289m) would be settled.
It is part of a move to reduce debts.
The company announced on Tuesday it had won an order from an Asian client for two VLGCs worth a combined $160m.
Korean shipbuilder DSME is ready to repay a bond issue with cash rather than refinance it.
An unnamed company official told the Korea Economic Daily that KRW 300bn ($289m) would be settled.
It is part of a move to reduce debts.
The company announced on Tuesday it had won an order from an Asian client for two VLGCs worth a combined $160m.