[Alpha Biz= Paul Lee] WINIA Co., Ltd., a key affiliate of Dayou Winia Group, to be delisted after failing to find a new owner
WINIA Co., Ltd., a major affiliate of Dayou Winia Group, is entering the delisting process after nearly two years of unsuccessful attempts to secure a new owner.
According to Korea Exchange disclosures on June 4, WINIA’s shares are scheduled to be delisted on June 18, with designated trading from June 9 to 17.
Originally gaining recognition in 1995 with its kimchi refrigerator brand Dimchae, WINIA has since struggled due to intensified market competition, poor sales performance, and delayed wage payments.
Although WINIA entered corporate rehabilitation in October 2023, the court terminated the process in April 2024 after the company failed to submit a rehabilitation plan within the required timeline. Its stock has been suspended from trading since December 22, 2023.
The company sought early normalization through M&A but negotiations with Seoul Private Equity and Kwangwon ENG collapsed in March, and no new investors have emerged since.
Industry experts now believe the company is more likely to pursue asset sales or business rights transfers, although full compensation for unpaid wages and severance pay through asset liquidation remains unlikely.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
