Interpark Files for Rehabilitation Proceedings for Subsidiary Interpark Songin Books
[Asia Economy Reporter Lee Gwan-ju] Interpark announced on the 8th that its subsidiary Interpark Songin Books has filed for commencement of rehabilitation proceedings. The reason for the application is to promote business normalization through the rehabilitation process. Interpark's investment amount is 8,969,120,000 KRW, which is 6.05% of its equity capital.
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The company stated, "Most of the investment amount has been recognized as impairment loss, and the remaining book value as of the end of 2019 is 366,297,000 KRW, so there is no significant impact on the consolidated financial statements as of the submission date."
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