Eugene Investment & Securities Corporate Group Disclosure: Assets of 10.4T KRW, Debt Ratio of 886%... Review of Financial Structure and Governance
Financial Status: As of end-2025, total assets 10.4T KRW (10,368,980M), total liabilities 9.3T KRW (9,317,705M), total equity 1.05T KRW (1,051,275M), debt ratio 886.32% reflecting high leverage typical of securities firms.
Earnings: Operating revenue 1,419,852M KRW, operating profit 57,093M KRW, net income 44,303M KRW (approx. 443B KRW).
Share Ownership: Controlling group holds 37.56% (largest shareholder Eugene Corp 28.26%), treasury shares 5.19%. Minority shareholders hold 62.44%, indicating high retail investor base.
Governance Change: At the 2026 AGM, articles amended to introduce cumulative voting, effective from the first director election after September 2026 when the revised Commercial Act takes effect. Seven board committees (audit, compensation, risk management, etc.) are operating.
Debt Guarantee Risk: Contingent liabilities through debt guarantees to non-affiliate special purpose companies amount to 558.7B KRW (guarantee amount) on outstanding debt of 529.47B KRW. Potential burden on financial soundness if project financing turns sour.
Intra-group Transactions: Securities transactions with Eugene Asset Management and Eugene Futures total 1.4T KRW; other asset transactions with Eugene Corp etc. amount to 330M KRW. While not excessive, monitoring is needed for governance.
KOSPI Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]