Mobile Appliance files complaint alleging KRW 6.4 billion embezzlement by former CEO, others

• Mobile Appliance filed a criminal complaint alleging former management committed breach of trust or embezzlement under Korea’s aggravated economic crimes law.
• Alleged misconduct totaled KRW 6.4 billion, equal to 13.0% of equity capital of KRW 49,117,068,037.
• Claims involve suspected fund outflows via sham service contracts, free property leases, acquisition deposits, service payments, loans.
• The complaint was filed on Sept. 29, 2026, the same date the allegations were confirmed.
• The company plans to pursue damages, take other legal steps, cooperate with authorities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mobile Appliance Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260929900959), on September 29, 2026, and is solely responsible for the information contained therein.