Decision to Guarantee 12.6 Billion Won Debt for Subsidiary Nine Farm
Decision to enter into a fund supplementation agreement for up to 12.6 billion won (20% of 63 billion won borrowing) for subsidiary Nine Farm (equity: -0.4 billion won, net loss: 1.4 billion won).
The fund supplementation agreement requires the parent to lend or contribute the shortfall if the subsidiary defaults on principal or interest, effectively a debt guarantee.
Debtor Nine Farm has negative equity (assets 15.5 billion won, liabilities 15.9 billion won) and recorded a net loss of 1.4 billion won in 2025, indicating high credit risk.