The Willbes & Co. Fails to Repay KRW11.9 Billion Corporate Bond Principal, Interest

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The Willbes & Co. (KRX:008600) failed to repay 11.5 billion won in corporate bond principal and 390.1 million won in interest due Aug. 28, totaling 11.9 billion won, due to a lack of liquidity, according to a filing with the Korea Exchange.

The default comes after the termination of joint management procedures by creditor banks on Aug. 28. The Willbes & Co. will review measures, including court-led rehabilitation proceedings, to normalize business operations and protect stakeholders, the filing said.

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Fails to Repay KRW11.9 Billion Corporate Bond Principal, Interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-01 12:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The Willbes &amp; Co. (KRX:008600) failed to repay 11.5 billion won in corporate bond principal and 390.1 million won in interest due Aug. 28, totaling 11.9 billion won, due to a lack of liquidity, according to a filing with the Korea Exchange.</p><p>The default comes after the termination of joint management procedures by creditor banks on Aug. 28. 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