Subsidiary Aroot Hotel & Resort Declared Bankrupt by Court
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Subsidiary Aroot Hotel & Resort Co., Ltd. received a bankruptcy ruling from the court on April 30, 2026.
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Reason: Business deterioration due to excessive debt and recession in main business.
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Subsidiary's total assets: KRW 23.0 billion (12.02% of parent's consolidated assets).
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Filed for bankruptcy on July 24, 2025, and received final ruling after about 9 months.
KOSDAQ Filing Information
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Filing: Occurrence of Reason for Dissolution (Major Management Matters of Subsidiary)
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Company: Aroot (096690)
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Submission: Aroot Co., Ltd.
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Receipt: 04-30-2026
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Under KRX KOSDAQ Market Division