The company received a rehabilitation procedure commencement decision from Seoul Bankruptcy Court on Sep 3, 2025, and the procedure is ongoing after the previous M&A contract termination
Consolidated equity is negative 22.7 billion KRW, fully capital-impaired, with current liabilities exceeding current assets by 30.1 billion KRW
Q1 2026 consolidated operating profit turned positive to 215 million KRW (vs. -748 million a year ago), net profit 529 million (vs. -2,016 million)
Korea Exchange decided to delist on Sep 19, 2025; the company filed for injunction suspension and awaits court decision
7th bond with warrants of 26.9 billion KRW is in loss of time benefit, secured by investment properties and financial assets
Former CEO was indicted in Jan 2023; full allowance for doubtful accounts set on related-party receivables of 12 billion and 8.7 billion KRW
Audit opinions disclaimed for FY2023 and FY2024 led to delisting grounds; trading suspension continues
Rehabilitation plan submission due Jun 12, 2026; any failure poses material uncertainty on going concern