GCT Semiconductor secures ₩6.5B ($4.5M) loan from Chairman at 12% interest, matures Feb 2025

GCT Semiconductor Holding, Inc.

Borrower GCT Research (wholly owned subsidiary) entered a Loan Agreement with Chairman Kyeongho Lee for up to ₩6.5B (≈$4.5M) at 12% annual interest.
January Loan matures February 24, 2025; late payment penalty is 3% of unpaid principal per month.
Amendment to November 2024 loan (₩4B) increased penalty from 1.25% to 3% per month; all other terms unchanged.
Interest on both loans capped so total payments to Chairman do not exceed $120,000 in any 12-month period.

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