L&F Reports Derivative Product Valuation Losses Amounting to 11.3 Billion KRW

[Asia Economy Reporter Park Jihwan] L&F announced on the 5th that it incurred a derivative product valuation loss amounting to 11.3 billion KRW.

The scale of this loss corresponds to 5.69% of the company's equity capital.

The company stated, "The derivative product valuation loss occurred due to the difference between the conversion price of convertible bonds and the stock price caused by the stock price increase," adding, "However, this loss is a valuation loss based on fair value assessment and does not involve any cash outflow."