UTI Reports Derivative Trading Losses Amounting to 10.9 Billion KRW

[Asia Economy Reporter Kang Nahum] UTIAI announced on the 10th that it incurred a loss of 10.9 billion KRW from derivative transactions. This corresponds to 23.11% of its equity capital.

The company explained, "Although an evaluation loss on financial liabilities occurred due to the recent stock price increase, this evaluation loss on financial liabilities is an accounting loss that does not actually materialize and does not involve cash outflow."