KRW 51.2 billion debt guarantee for subsidiary CheckPoint with poor financials
- Samick Musical Instruments guarantees JPY 5.508 billion (approx. KRW 51.2 billion) for subsidiary CheckPoint's loan of JPY 4.59 billion (approx. KRW 42.7 billion)
- CheckPoint's 2025 financials: total equity -KRW 13.8 billion, net loss KRW 0.5 billion, no revenue; capital impairment
- Guarantee ratio to equity 18.29%; board resolution passed with 2 outside directors absent
- Guarantee period from 2026-04-28 to 2027-04-28; total outstanding guarantees post-decision: KRW 82.6 billion
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KOSPI Filing Information
- Filing: Decision On Guarantee Of Debt For Others
- Company: Samick Musical Instruments (002450)
- Submission: Samick Musical Instruments Co., Ltd.
- Receipt: 04-27-2026
- Under KRX KOSPI Market Division