Extension of Debt Guarantee for Affiliate PT. Hwa seung Indonesia (KRW 40.08 billion) - Debtor Turns to Net Loss
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Decision to extend KRW 40.08 billion debt guarantee for affiliate PT. Hwa seung Indonesia for one year (renewal)
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Debtor recorded net loss of KRW 7.55 billion in 2025 (swing from profit of KRW 13.89 billion prior year)
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Guarantee amount equals 7.17% of equity (KRW 558.9 billion); total guarantee balance KRW 609.8 billion (109% of equity)
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Numerous other affiliate guarantees outstanding (e.g., Jangcheon Jehwa, Hwaseung Vina, Hwaseung Enterprise)
KOSPI Filing Information
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Filing: Decision On Guarantee Of Debt For Others
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Company: HS Industries (006060)
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Submission: HS Industries Co., Ltd.
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Receipt: 05-13-2026
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Under KRX KOSPI Market Division