Melpas, Embezzlement and Breach of Trust Amounting to 400 Million Won Occur

[Asia Economy Reporter Kim Hyung-min] Melpas announced on the 10th that embezzlement and breach of trust charges amounting to 436,109,240 KRW have occurred. The scale of the embezzlement and breach of trust charges is approximately 1.02% of the company's equity capital. Melpas has filed complaints against six individuals, including internal director Bae Mo and executive director Lee Mo, in relation to this matter. Melpas stated, "We will take all necessary measures according to legal procedures regarding all ongoing matters."