G-Smart Global, Semi-Annual Report Audit Opinion 'Disclaimer of Opinion'

[Asia Economy Reporter Minji Lee] G-Smart Global announced on the 24th that it received a 'disclaimer of opinion' from Hyundai Accounting Corporation as a result of its semi-annual review (including fact verification such as an adverse audit opinion, capital erosion rate of 50% or more, or net assets less than 1 billion KRW).

The auditor stated that they were unable to obtain various materials necessary for notes and audit procedures from the company's management, and due to significant scope limitations, they could not perform the essential audit procedures required by auditing standards.