Guarantee for Subsidiary Yakjin's Operating Loan... Total Guarantee Balance Increases to 134.0B KRW, Limited Impact on Financial Health

JS Corporation decided to provide a payment guarantee of 15.4B KRW to Kookmin Bank for a 14B KRW operating loan to its subsidiary Yakjin TongSang. This amounts to 2.92% of equity (527.5B KRW).
The guarantee period is from June 12, 2026 for two years, approved unanimously by three outside directors at the board meeting.
Including this case, total guarantee balance rises to 134.0B KRW. Major guarantees are for affiliates like Yakjin, some denominated in JPY and USD.
Yakjin's 2025 consolidated financials: assets 526.9B KRW, liabilities 328.8B KRW, equity 198.1B KRW, net profit 51.5B KRW (up from 40.9B KRW previous year), showing improving financial structure.
The guarantee amount is low relative to equity, and the subsidiary's sound financials limit the impact on JS Corporation's financial health.
[AI Comprehensive Analysis]This is a routine guarantee to support a subsidiary's normal operating fund raising, with low credit risk. Although total guarantees are about 25% of equity, the subsidiary's strong performance and capital buildup reduce the burden. Negligible negative impact on shareholder value.