Winia Aid announced on the 19th that Winia, the guaranteed corporation, has defaulted due to the legal payment restriction on matured promissory notes.
The default amount is 220 million KRW, and the guaranteed amount is 57 billion KRW, which corresponds to 27.36% of the company's equity capital. Winia is a special related party of the largest shareholder of Winia Aid. The company stated, "We plan to overcome the liquidity crisis through corporate rehabilitation, improve the financial structure, and repay the debt."
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