Korea Corporation Plans to Object to Audit Opinion 'Disclaimer'

[Asia Economy Reporter Jang Hyowon] Korea Corporation announced on the 23rd that it plans to file an objection with the Korea Exchange after submitting last year's audit report with a 'disclaimer of opinion.'

At around 11:45 a.m. on the same day, Korea Corporation's trading was suspended following a request for disclosure related to rumors or reports from the KOSDAQ Market Headquarters of the Korea Exchange, and subsequently, the audit report with a disclaimer of opinion was submitted.

A company official stated, "We are discussing solutions to the disclaimer of opinion and plan to file an objection with the Korea Exchange. From January to March this year, we have posted operating profits every month. We intend to receive an improvement period order and normalize the company."

He added, "To minimize investor damage, we will promptly achieve normalization through intensive restructuring, turning operating profits positive, and introducing strict accounting treatment guidelines."

This content was produced with the assistance of AI translation services.