Welcron Hantec Confirms Debt Forgiveness of 42.4 Billion KRW in PF Loan, Improving Financial Structure

Welcron Hantec disclosed on June 30, 2026 that the creditor group has fully forgiven the 42.4 billion KRW PF loan debt assumption announced in January 2024 regarding the Siheung Sihwa MTV project.
With the elimination of the conditional debt assumption due to delayed completion, the company will record a reduction in provisions of 19 billion KRW and a reversal of provision expense in its semi-annual report.
The debt forgiveness improves financial structure, alleviating liquidity risk and expanding capacity for new business development.
[AI Summary]Welcron Hantec's confirmation of debt forgiveness for the 42.4 billion KRW PF loan instantly resolves its financial burden. The reduction in provisions and improvement in financial health are expected to positively impact the stock price.