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[Alpha Biz=(Chicago) Reporter Kim Jisun] Winia Electronics (formerly Winia Daewoo), a home appliance company based in Daewoo Electronics, will undergo rehabilitation procedures (court receivership).
The Seoul Rehabilitation Court's Rehabilitation Department 1 (Presiding Judge Ahn Byung-wook, Mobile Na Sang-hoon) said on the 19th that it has decided to start rehabilitation procedures for Winia Electronics.
The court will receive a list of rehabilitation creditors, rehabilitation collateral holders and shareholders from the day to the 2nd of next month before receiving reports on rehabilitation bonds, rehabilitation collateral rights and stocks from the 3rd to the 16th of next month. It will then receive a rehabilitation plan by Jan. 11 next year after investigating rehabilitation bonds and rehabilitation collateral rights, and review whether to approve it.
Winia Electronics' roots are Daewoo Electronics, which was acquired by Winia Group in 2018 after Daewoo Group was disbanded during the 1997 International Monetary Fund (IMF) financial crisis. But Winia Electronics can't get out of the slump The management situation worsened as the Chinese plant was shut down due to the COVID-19 incident.
The coronavirus situation has improved, but management has become more difficult as the global economic recession continues. The operating loss, which was 4.5 billion won in 2019, increased to 17.5 billion won in 2021, and last year, it did not disclose its financial statements due to rejection of its audit opinion.
Park Hyun-chul, CEO of Winia Electronics, was arrested by the prosecution in September on charges of not paying tens of billions of won in wages and severance pay.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
