Kumho Tire's Hong Kong Subsidiary Debt Guarantee Increase Correction (Approx. 125.6 Billion Won)
Correction of debt guarantee increase: from 87.462 billion won to 125.588 billion won (from 4.59% to 6.59% of equity). Total guarantee balance: 478.432 billion won.
Debtor: Kumho Tire (H.K) Co., Ltd. (subsidiary), Creditor: Citibank N.A, Hong Kong Branch, Guarantee period: 2026-05-15~2027-05-15.
Debtor's financial status (2024 separate): assets 1.76 trillion won, liabilities 5.8 billion won, equity 1.75 trillion won, capital 2.05 trillion won, sales 0, net loss 6.8 billion won (previous year net profit 26 billion won, two years prior net loss 173 million won).