HS Hyosung Advanced Materials Extends 35.2 Billion Won Debt Guarantee for Financially Weak Affiliate GST Global GmbH
Subsidiary HS Hyosung Advanced Materials decides to guarantee 35.16 billion KRW (approx. EUR 20.4 million) for affiliate GST Global GmbH's existing loan maturity extension
Guarantee period: 2026-04-30 to 2027-04-30
Debtor GST Global GmbH's weak financials: total equity of -4,229 million KRW (fully impaired) in 2025, net loss of 32,640 million KRW, three consecutive years of losses
Guarantee amount is 4.25% of the company's equity (826.5 billion KRW)
Total outstanding guarantees (limit basis): approximately 1.63 trillion KRW (including multiple affiliates)
The guarantee was approved by the management committee (in lieu of board)
KOSPI Filing Information
Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)