KRW 274.3 Billion Debt Guarantee for LX International (HK), Total Outstanding Guarantees KRW 2.0646 Trillion
The board approved 10 guarantees for affiliate LX International (HK) Ltd. totaling USD 186.2 million (approx. KRW 274.3 billion, at exchange rate 1 USD = 1,473.10 KRW).
The guarantee amount is 7.8% of the parent's equity (KRW 3.5357 trillion), and total guarantee balance increases to KRW 2.0646 trillion.
The debtor's total assets are KRW 91.8 billion, liabilities KRW 68.3 billion, equity KRW 23.5 billion; the guarantee amount (KRW 274.3 billion) is about 3 times its assets.
The debtor's current year sales were KRW 269.4 billion, net income KRW 2.8 billion, both declining from prior year (sales KRW 367.8 billion, net income KRW 3.4 billion).
The guarantee period is from May 19, 2026 to March 13, 2028; all outside directors attended the board meeting.