Hyosung Vina Chemicals Guarantee Decision - Weak Financials
- • Hyosung Advanced Materials decides to guarantee debt for its 51%-owned subsidiary Hyosung Vina Chemicals.
- • Guarantee amount: KRW 34,975.2 million (USD 24 million); Debt amount: KRW 29,146 million (USD 20 million).
- • Guarantee period: 2026-03-13 to 2026-09-13 (6 months).
- • Total guarantee balance: KRW 856,095.1 million (incl. unused limit).
- • Subsidiary's financials: net losses for 3 consecutive years (2024: -KRW 250,650 million); equity of KRW 110,370 million vs. guarantee balance of KRW 788,516.9 million implies excessive burden.
- • This guarantee is 9.72% of equity; total guarantees outstanding are 238% of equity (KRW 359,656.8 million).
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KOSPI Filing Information
- Filing: Decision On Guarantee Of Debt For Others
- Company: Hyosung Chemical (298000)
- Submission: Hyosung Chemical Corporation
- Receipt: 02-03-2026
- Under KRX KOSPI Market Division