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GM stated: “Listed companies are required to apply International Financial Reporting Standards (K-IFRS), while unlisted companies apply Korean Generally Accepted Accounting Principles (K-GAAP). Therefore, comparing the accounting practices of a listed company with those of our unlisted company is unreasonable. In our case, under K-GAAP, the distribution to actors is included in the cost of sales, so there are no accounting issues whatsoever.”
Finally, the agency emphasized: “For several years, we have maintained a legal advisory contract with the law firm LKB Pyonsan, and we conduct thorough legal reviews across all aspects of management. There are no illegal practices in our operations.”
For more detail information, please see the link below
https://x.com/kSHJPVotingTeam/status/1968945054464229657