Consolidated net loss 41.7B KRW (swing from +2.9B profit) due to other expenses of 42.4B and equity method loss 2.2B
Separate financials show negative equity of -17.4B KRW (full capital impairment) vs +33.6B prior year, accumulated deficit 149.6B
Articles amendment: change name to FreeT, stock split 5:1 (par value from 500 to 2,500 KRW), significant reduction and streamlining of business objectives
Election of 3 directors (Song Byung-kwon, Kim Jung-il, Oh Seong-heon) including 1 outside director, and 1 auditor (Park Kwon-sik)
Director compensation limit reduced 30% (from 2.0B to 1.4B KRW), auditor limit reduced 33% (from 150M to 100M KRW) reflecting shareholder proposal
Grant of 10,000 stock options to 5 employees at exercise price 1,433 KRW, exercisable from 2027.07.31 to 2029.07.30