SFA Reports Derivative Trading Losses Worth 105.7 Billion Won

[Asia Economy Reporter Kang Nahum] SFAC disclosed on the 11th that it incurred a loss of 105.7 billion KRW from derivative transactions due to the rise in exchange rates.

This loss corresponds to 7.5% of the company's equity capital.

The company stated, "Due to our export-oriented sales structure, we entered into derivatives to hedge the KRW cash flow of foreign currency receivables from export projects, but transaction and valuation losses occurred due to the rise in exchange rates."