Default on 40 Billion Won Short-Term Bond Due to Lack of Repayment Funds

JR GLOBAL REIT faced a default on April 27, 2026, by failing to pay 40 billion won in principal and interest (principal only, no interest) on a short-term bond
The reason for non-payment is a lack of repayment funds; the company plans to negotiate with financial institutions to adjust loan conditions
The short-term bond, issued on April 17, 2026, for 40 billion won, was not repaid at maturity
The unpaid amount represents 3.4% of equity (1.1888 trillion won as of end-2025 on a consolidated basis), indicating liquidity risk