HS Hyosung Advanced Materials Extends 35.2 Billion Won Debt Guarantee for Financially Weak Affiliate GST Global GmbH
- Subsidiary HS Hyosung Advanced Materials decides to guarantee 35.16 billion KRW (approx. EUR 20.4 million) for affiliate GST Global GmbH's existing loan maturity extension
- Guarantee period: 2026-04-30 to 2027-04-30
- Debtor GST Global GmbH's weak financials: total equity of -4,229 million KRW (fully impaired) in 2025, net loss of 32,640 million KRW, three consecutive years of losses
- Guarantee amount is 4.25% of the company's equity (826.5 billion KRW)
- Total outstanding guarantees (limit basis): approximately 1.63 trillion KRW (including multiple affiliates)
- The guarantee was approved by the management committee (in lieu of board)
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KOSPI Filing Information
- Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)
- Company: HS HYOSUNG (487570)
- Submission: HS HYOSUNG Corporation
- Receipt: 04-30-2026
- Under KRX KOSPI Market Division