Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a corrected disclosure notifying that the end date of the construction contract for 1 FPSO unit with a European shipowner has been extended from September 26, 2026, to February 5, 2027, by mutual agreement.
📊 Key Filing Details & Key Figures Summary
1. Correction Details & Reason
- Original Disclosure: Sales and Supply Contract (Originally Filed: September 24, 2024)
- Reason for Correction: Change in contract end date upon agreement with the ordering party
- Corrected Item: Contract period end date updated from September 26, 2026, to February 5, 2027
2. Key Contract Details
- Contract Type: Construction Contract
- Contract Title: 1 FPSO
- Contract Amount: KRW 1,094,800,000,000 (Approx. USD 981.88M)
- Recent Revenue: KRW 7,030,200,000,000 (Based on consolidated financial statements as of year-end 2020)
- Ratio to Recent Revenue: 15.6%
- Large Corporation Status: Applicable
3. Counterparty & Terms
- Counterparty: European Shipowner (Relationship with company: None)
- Sales/Supply Region: Europe
- Contract Period: June 11, 2021 ~ February 5, 2027
- Key Terms: Down payment/Advance payment none; Payments collected according to construction progress
- Contract Date: June 11, 2021
4. Other Key Reference Information
- Applicable Foreign Exchange Rate: KRW/USD = 1,115.00 (Base rate as of June 11, 2021)
- Contract amount and recent revenue figures are rounded at the 100-million KRW level
- Contract period and final settlement amount are subject to change during the construction process
- Related filings: June 14, 2021 Sales and Supply Contract, September 24, 2024 Sales and Supply Contract
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Contract Extension by Mutual Agreement and Potential Further Schedule Adjustments
This corrected filing reflects the extension of the contract end date for the construction of 1 FPSO unit to February 5, 2027, based on an agreement with the European client. Tracking whether payments are collected on schedule according to construction progress over the revised timeline, as well as checking for any subsequent adjustments to the contract period or final settlement amount, is important for verifying the completion progress of this major offshore plant project. Relevant updates can be reviewed in upcoming Quarterly Reports, Half-Year Reports, Annual Reports, or subsequent corrected disclosures.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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