Model Solution Files Annual Group Status Disclosure: Subsidiary Liquidation and New CEO Appointed, Financial Stability Maintained
Model Solution is part of the Korea & Company Group, maintaining a stable governance structure with its largest shareholder Hankook Tire & Technology (62.92% stake)
As of the last fiscal year, total assets of 96.96B KRW, liabilities of 25.06B KRW, and equity of 71.91B KRW, resulting in a healthy debt ratio of 34.8%
Recorded sales of 76.5B KRW, operating profit of 7.75B KRW, and net income of 6.52B KRW, sustaining profitability
Subsidiary Model Solution, Inc. (USA) was liquidated on February 23, 2026, completing the closure of the overseas entity
New CEO Yoo Hyung-min was appointed on March 26, 2026, marking a management change
The board resolved a cash dividend for the 21st fiscal year; the dividend amount was not disclosed
Electronic voting system introduced and mail-in voting in place; general shareholder voting ratio is low at 0.41%
[AI Summary]This is a routine annual group status disclosure. Although there was a liquidation of a US subsidiary and a new CEO appointment, overall financial and governance structures remain stable, with limited impact on stock price
KOSDAQ Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]