Luxel, 13.6 Billion KRW Loan Principal and Interest Overdue

Luxel disclosed on the 15th that there has been a principal and interest overdue on a loan amounting to 13.6 billion KRW.

The overdue amount corresponds to 36.3% of the company's equity capital.

The company stated, "The overdue occurred due to a shortage of operating funds," and added, "We plan to negotiate with the lending institution regarding the extension of the maturity and the repayment schedule."