라인건설, 특수관계자 'PF 보증 4510억' 재무안정성 변수

Line Construction faces significant contingent liabilities from its extensive project financing guarantees to affiliated companies, with conditional debt obligations reaching 652.6 billion won that could materialize if the underlying developments underperform. Since 53.6% of the company's revenues come from related-party transactions, its financial stability heavily depends on the success of affiliate projects rather than internal operational strength. The recent designation of Line Group as a large business group subject to regulatory scrutiny will intensify monitoring of related-party transactions, making the pace of guarantee de-risking critical to the company's long-term financial health.