Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a corrected disclosure by Hanwha Ocean finalizing the completion date (from June 30, 2025 to March 20, 2025) of its KRW 700.0B completion guarantee for Tongyeong Eco Power Co., Ltd. following the receipt of the formal handover notice.
📊 Key Filing Details & Key Figures Summary
1. Correction Details & Reason
- Original Disclosure: Decision on Guarantee for Others (Originally Filed: January 24, 2025)
- Reason for Correction: Adjustment of guarantee period end date (Receipt of formal handover notice)
- Corrected Item:
- Guarantee Period End Date: (Before) June 30, 2025 → (After) March 20, 2025
2. Key Guarantee Details
- Debtor: Tongyeong Eco Power Co., Ltd. (Relationship: None)
- Creditors: Mirae Asset Life Insurance, Saemaul Geumgo Federation, NongHyup Non-Life Insurance, Fubon Hyundai Life, Kyobo Life Insurance, Woori Bank, Hana Bank, Tongyeong First LLC
- Debt / Guarantee Amount: KRW 700,000,000,000 (Loan agreement limit)
- Total Equity: KRW 4,312,157,120,697 (Consolidated total equity as of year-end 2023)
- Ratio to Equity: 16.2%
- Large Corporation Status: Applicable
- Guarantee Period: January 24, 2025 ~ March 20, 2025
- Total Outstanding Guarantee Balance: KRW 661,680,715,137 (Excluding this disclosure)
- Board Resolution Date: January 24, 2025 (All 5 Outside Directors present)
3. Other Key Reference Information
- Submission of completion guarantee for “Tongyeong Natural Gas Power Plant Construction” acquired from Hanwha Corporation; construction completion (pre-use inspection) was completed on October 2, 2024
- Tentatively set end date (June 30, 2025) updated to the receipt date of the official handover notice (March 20, 2025)
- Debtor Financial Status (As of year-end 2024): Total Assets KRW 1,076.9B, Total Liabilities KRW 814.2B, Total Equity KRW 262.8B, Net Loss KRW 5.5B
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Termination of Guarantee Period and Resolution of Contingent Liabilities
This corrected disclosure confirms the termination of the KRW 700.0B completion guarantee for Tongyeong Eco Power Co., Ltd. as of March 20, 2025, upon receipt of the official handover notice. Verifying the formal conclusion of the guarantee period is important for confirming the resolution of related contingent obligations. Changes in total outstanding guarantees and contingent liabilities can be reviewed in upcoming Quarterly Reports, Half-Year Reports, and Annual Reports.
📢 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).
Investment Disclaimer: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial liabilities rest entirely with the investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
