GemVax & KAEL Borrows KRW 17.5 Billion From Hana Bank for Property Acquisition

• GemVax & KAEL plans to borrow KRW 17.5 billion from Hana Bank on Oct. 30, 2026, through a corporate facility loan.
• Proceeds will refinance the seller’s existing property-backed loan to cover the final payment for a tangible asset acquisition.
• Total short-term borrowings will rise to KRW 37.83 billion from KRW 20.33 billion.
• The new borrowing represents 20.32% of equity.

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. GemVax & KAEL Co. Ltd. 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: 20261030900920), on October 30, 2026, and is solely responsible for the information contained therein.