KRW 51.2 billion debt guarantee for subsidiary CheckPoint with poor financials

Samick Musical Instruments guarantees JPY 5.508 billion (approx. KRW 51.2 billion) for subsidiary CheckPoint's loan of JPY 4.59 billion (approx. KRW 42.7 billion)
CheckPoint's 2025 financials: total equity -KRW 13.8 billion, net loss KRW 0.5 billion, no revenue; capital impairment
Guarantee ratio to equity 18.29%; board resolution passed with 2 outside directors absent
Guarantee period from 2026-04-28 to 2027-04-28; total outstanding guarantees post-decision: KRW 82.6 billion