[Alpha Biz=(Chicago) Reporter Kim Jisun] According to the domestic industry on the 20th, Jeonbuk Bank requested a plan to improve the governance and management soundness of STREAMI by the end of next month. The Financial Intelligence Unit (FIU) of the Financial Services Commission also asked for an official written submission of improvement measures and implementation of equity structure and governance improvement by the end of next month.
Jeonbuk Bank signed a two-year real-name account renewal with Gofax in August 2022. The contract expires on August 11, and Jeonbuk Bank must decide whether to renew its real-name account with Gofax before then.
STREAMI fell into a state of complete capital erosion at the end of 2022 with a total capital of minus 53.9 billion won. At that time, STREAMI's debt totaled 71.1 billion won, of which 56.6 billion won was unpaid that could not be returned to GOFI investors.
STREAMI's 2023 audit report has not yet been published. However, STREAMI said in a letter to creditors that it was a net loss in 2022 and 2023 and a complete capital erosion. STREAMI's fiscal debt reached 110 billion won as of the end of last year.
Among them, GOFI unpaid bills, which are held as provisions for STREAMI, account for the largest portion with 63.7 billion won. STREAMI repaid a total of 47.4 billion won in unpaid payments twice last year, but the proportion of deposits increased as virtual asset prices rose. In addition, Binance lent KRW 36.4 billion to Gopax to repay Gopax and KRW 8 billion to convertible bond (CB) holders.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
