Dynamic Design Cleared of Charges in Nickel Business-Related Complaint

Dynamic Design has begun to resolve its long-standing legal risks after receiving a decision of non-prosecution in a criminal complaint related to its nickel business in Indonesia.

KOSPI-listed Dynamic Design (CEO Hwang Eungyeon) announced on June 22, 2026, that after nearly two years of investigation, the company and its management have been cleared of charges and received a "non-prosecution (no suspicion)" decision in connection with a criminal complaint filed with the Gwangju Metropolitan Police Agency on July 31, 2024, regarding the Indonesia nickel project.

The company explained that during the lengthy investigation, both the company and its management sincerely responded to requests for documentation and clarification procedures. With this decision, much of the concern surrounding its business operations and the sustainability of its business has been alleviated.

This non-prosecution decision is also seen as meaningful in terms of improving audit opinions. Dynamic Design explained that uncertainties related to PT.BNP and management risks have been key factors behind the company receiving a "qualified opinion" from auditors for two consecutive business years.

The company expects that with the uncertainties mitigated by this investigation result, future external audit procedures and normalization of audit opinions will be positively affected.

A company official stated, "The uncertainties arising during the investigation have been a burden in the external audit process, but we expect that this non-prosecution decision will significantly resolve related risks," adding, "This has laid the foundation for improving audit opinions and normalizing business operations."

Hwang Eungyeon, CEO of Dynamic Design, said, "We sincerely apologize to our shareholders and stakeholders for any concerns caused during the nearly two-year investigation," and added, "With the major uncertainties now resolved thanks to this non-prosecution decision, we will focus even more on normalizing management and improving audit opinions."

Dynamic Design emphasized that along with the resolution of legal risks, it is also continuing a trend of improved performance. The company reported a consolidated operating profit of 1.118 billion won in the first quarter of this year, successfully returning to profitability, and was selected as an ESG excellent partner by Kumho Tire, signaling a recovery in business operations.

Going forward, the company plans to accelerate efforts to normalize its financial structure, strengthen internal controls, and enhance accounting transparency in order to improve corporate value and restore shareholder trust.

Dynamic Design intends to use this non-prosecution decision as an opportunity to eliminate uncertainties related to its nickel business and to focus on strengthening its corporate fundamentals through improved performance and stabilized management.

This content was produced with the assistance of AI translation services.