Korea Tech "Independent from Korea Corp... Minimal Impact"

[Asia Economy Reporter Yoo Hyun-seok] Korea Technology stated on the 24th that the 'disclaimer of opinion' audit report on Korea Corporation would have a minimal impact.

The company maintains that Korea Technology and Korea Corporation are completely separate and independent companies operating independently in terms of human resources, finance, and business aspects.

He said, "The common opinion among experts analyzing the financial statements is that the impact of Korea Corporation's disclaimer of opinion on our company is minimal," adding, "Korea Technology will achieve a quantum jump this year, centered on its two major businesses: the 5G IT business and the construction business of its subsidiary Daewoo Shipbuilding & Marine Engineering Construction." He continued, "We will establish Korea Technology as an independent management entity and restore the company's value, which has fallen to a 52-week low due to various misunderstandings and rumors, back to its rightful place."

Meanwhile, Korea Corporation, which has been suspended from trading since the previous day, plans to file an objection with the Korea Exchange to receive an improvement period and proceed with prompt normalization through restructuring, turning to profitability, and implementing strict accounting guidelines.

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