Kye-Ryong Construction Provides Guarantee for Mid-Term Loan of 'Elif Geomdan Foredu' Buyers... Total Guarantees at 1.98 Trillion KRW, 28.3% of Equity

Kye-Ryong Construction decided to provide a debt guarantee of 280.44 billion KRW (28.3% of equity) for buyers of 'Elif Geomdan Foredu' in Incheon Seo-gu, for mid-term loan.
The guarantee limit is 120% of the loan amount (233.7 billion KRW), and the guarantee period runs from the first drawdown to three months after the move-in period (scheduled March 2028).
With this guarantee, the total outstanding debt guarantees amount to 1.9816 trillion KRW, including various PF joint guarantees and conditional debt assumptions.
The guarantee is a routine business practice for housing projects, but the contingent liability risk could materialize if buyers default during a downturn.
[AI Comprehensive Analysis]This guarantee decision is a normal business practice for a construction company and does not directly impact shareholder value. However, the high total guarantee level (about 200% of equity) suggests significant exposure to real estate project risks, necessitating careful risk management going forward.