Subsidiary Aroot Hotel & Resort Declared Bankrupt by Court
- Subsidiary Aroot Hotel & Resort Co., Ltd. received a bankruptcy ruling from the court on April 30, 2026.
- Reason: Business deterioration due to excessive debt and recession in main business.
- Subsidiary's total assets: KRW 23.0 billion (12.02% of parent's consolidated assets).
- Filed for bankruptcy on July 24, 2025, and received final ruling after about 9 months.
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KOSDAQ Filing Information
- Filing: Occurrence of Reason for Dissolution (Major Management Matters of Subsidiary)
- Company: Aroot (096690)
- Submission: Aroot Co., Ltd.
- Receipt: 04-30-2026
- Under KRX KOSDAQ Market Division