Separate Revenue Below 5 Billion Won, Continued Losses, Capital Erosion Ratio Widens


  • Consolidated revenue KRW 9.52B (+0.7% YoY), operating loss KRW 2.01B (loss narrowed 46.4%)
  • Net loss KRW 3.92B (down 78.8% from KRW 18.51B prior year)
  • Capital erosion ratio 21.3% (up from 11.3% last year)
  • Separate revenue KRW 4.54B, below 5B threshold, triggering disclosure requirement
  • Unaudited figures, subject to change

KOSPI Filing Information


  • Filing: Occurrence of Fact That Capital Impairment Is 50% or More or Sales Are Less Than 5 Billion Won
  • Company: STAR SM Real Estate Investment Trust (204210)
  • Submission: STAR SM Real Estate Investment Trust Incorporated
  • Receipt: 02-02-2026
  • Under KRX KOSPI Market Division