Jeju Air Subsidiary Decides to Transfer Hotel Business for KRW 54 Billion
- Jeju Air subsidiary Pacific No.3 Private Real Estate Investment LLC decides to transfer hotel business assets, contracts, and rights
- Transfer price: KRW 54 billion (subject to change)
- Buyer: Mapo Aekyung Town Co., Ltd. (related party)
- Purpose: Business operational efficiency and restructuring, secure cash liquidity
- Expected transfer date: June 30, 2026 (subject to change)
- Subsidiary total assets: approx. KRW 62.7 billion (2.67% of parent's consolidated assets)
- No stock purchase rights; subject to Fair Trade Commission report
- After transfer, proceed with fund recovery and closure procedures
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KOSPI Filing Information
- Filing: Decision on Business Transfer (Voluntary Disclosure) (Key Management Matters of Subsidiary)
- Company: JEJUAIR (089590)
- Submission: JEJUAIR, CO., LTD.
- Receipt: 05-13-2026
- Under KRX KOSPI Market Division