[Edaily Reporter Kwon Oh-seok] #Hanyang Securities, whose stock price had plummeted amid concerns over its exposure to JoongAng Ilbo and JTBC, is showing signs of recovery in early trading on the 18th. Investor sentiment appears to have rebounded after the company stated that its recovery efforts are proceeding as planned and that there are no issues with its financial soundness.

According to MP Doctor on the 18th, as of 9:26 a.m., Hanyang Securities is trading at 20,950 won, up 4.23% from the previous trading day. The stock had closed down 11.45% the previous day (the 17th).
Earlier, on the 17th, Hanyang Securities issued a press release explaining that a specific asset recovery structure and schedule had already been established for its 84 billion won exposure related to JoongAng Ilbo and JTBC, noting that this would minimize concerns. The company elaborated that it is managing this exposure primarily through collateralized assets and, in particular, is operating it separately from JoongAng Ilbo and JTBC by utilizing a trust structure secured by accounts receivable.
The company’s position is that, under this structure, stable repayment will be possible through cash flows generated from the relevant accounts receivable, even if variables such as future rehabilitation or workout proceedings arise.
The recovery schedule has also become largely clear. Partial repayment was already made in June, and including additional repayments, the company expects to complete the recovery of approximately 160억 원 by the end of this month. Furthermore, the cumulative recovery amount is projected to reach approximately 446억 won by the end of September, and the company maintains that fund recovery will continue thereafter according to the pre-planned schedule.
According to current internal plans, the company expects to recover approximately 73.1 billion won—equivalent to about 87% of its total exposure—by the end of the year. The remaining balance is also expected to be fully recovered by February of next year. Based on its secured cash flows and collateral structure, the company plans to strengthen risk monitoring while gradually reducing the size of its exposure according to schedule.