Effect of acquiring education business from related party SJW International (5 billion KRW) materializes
2:1 reverse stock split in Nov 2025 to cover deficit; shares reduced from 47,676,480 to 23,838,240
Total assets: 25.46 billion (up from 16.54 billion), liabilities: 13.27 billion (up from 5.04 billion), equity: 12.18 billion (up from 11.5 billion)\- Accumulated deficit: 61.98 billion; no dividends paid
Most embezzlement lawsuits against former majority shareholder concluded; 2 ongoing investigations (provision of 3 billion for illegal acts receivables)
Largest shareholder: SJW&Gold Investment Union (50.34%)