MiCo Guarantees 81.4 Billion KRW Debt for Subsidiary TaMiCo Zatec to Support New Entity's Operations

MiCo's subsidiary KoMiCo has decided to provide a debt guarantee of up to 81.4 billion KRW for its newly established Czech subsidiary TaMiCo Zatec s.r.o. to secure operating and facility funds from KDB Industrial Bank and others.
The guarantee amount represents 22.0% of MiCo's equity capital of 369.9 billion KRW, and the total outstanding guarantee balance including this transaction reaches 577.1 billion KRW.
TaMiCo Zatec was established in February 2026 and has not yet commenced full-scale operations, so no financial data is available. The funding is intended as initial investment for the semiconductor equipment parts business.
[AI Summary]MiCo's large-scale debt guarantee for a new subsidiary does not dilute existing shareholders and reflects long-term expansion intent with a facility guarantee period until 2036. However, the unverified profitability and repayment capacity of the new entity may pose future financial risks.