• Hyosung Advanced Materials decides to guarantee debt for its 51%-owned subsidiary Hyosung Vina Chemicals.
• Guarantee amount: KRW 34,975.2 million (USD 24 million); Debt amount: KRW 29,146 million (USD 20 million).
• Guarantee period: 2026-03-13 to 2026-09-13 (6 months).
• Total guarantee balance: KRW 856,095.1 million (incl. unused limit).
• Subsidiary's financials: net losses for 3 consecutive years (2024: -KRW 250,650 million); equity of KRW 110,370 million vs. guarantee balance of KRW 788,516.9 million implies excessive burden.
• This guarantee is 9.72% of equity; total guarantees outstanding are 238% of equity (KRW 359,656.8 million).