KRW 30B Loan to Affiliate L&F Plus for Facility Investment
Original: 금전대여결정
Summary
The company has decided to lend KRW 30 billion to its affiliate L&F Plus Co., Ltd. to fund facility investment, with the loan executed on May 29, 2026. The loan represents 4.43% of equity (KRW 676.8B as of end-2025 consolidated audit) and carries an interest rate of 4.811%, maturing December 30, 2026. L&F Plus was newly established in August 2025 and posted a net loss of KRW 212 million in 2025 with no revenue yet, indicating it is still in an early build-out phase. The board approved the decision on May 27, 2026, with 4 of 5 outside directors attending. Investors should note this is intra-group capital support for an early-stage affiliate, which may pressure standalone cash flow but supports group-level capacity expansion.