KEYEAST Resolves 1.18 Billion Won Damage Lawsuit via Settlement, Limited Financial Impact

KEYEAST has concluded the damage lawsuit with Canvas N by withdrawing its Supreme Court appeal and reaching a settlement.
The settlement amount of 1.18 billion won was fully paid, representing about 3% of equity capital of 39.2 billion won, indicating manageable financial impact.
[AI Summary]KEYEAST resolves long-standing litigation risk through settlement, but the cash outflow of 1.18 billion won may have a limited negative effect on stock price given its modest size relative to equity.