Woory Industrial Reduces Loan to Mexican Subsidiary for Facility Investment from 18.16B to 6.81B KRW… Ratio to Equity Drops from 16.22% to 6.08%

Correction announcement: Woory Industrial has significantly reduced its loan to Mexican subsidiary Woory Automotives Mexico from the originally disclosed 18.16B KRW (USD 12M) to 6.81B KRW (USD 4.5M), decided on March 31.
The loan is for facility investment, with an interest rate of 4.6% (SOFR 6M+1.5%, floor 4.6%). The loan period is 5 years from April 10, 2026 to April 10, 2031.
The subsidiary had negative equity of -8.54B KRW as of end-2024 (fully capital-impaired) and total liabilities of 21.17B KRW, indicating very high financial risk.
The loan-to-equity ratio decreased from 16.22% to 6.08%, partially easing Woory Industrial's financial burden, but still locking 6.81B KRW in a capital-impaired subsidiary, posing investment risks.
[AI Comprehensive Analysis]The reduction in loan amount is positive, but the large-scale loan to a capital-impaired subsidiary itself weighs on financial health, with uncertainties in principal/interest recovery and potential additional losses.