Fact Source: Financial Supervisory Service DART / 2025-05-21
Disclosure Type: Guide to Stock Futures/Options Market Measures
💡 3-Second Summary
Following Hanwha Aerospace’s decision on a paid-in capital increase, structured adjustments will be applied to its underlying stock futures and options markets. Effective May 22, 2025, base prices for each contract month will be revised, the contract multiplier will change to 10.16427328, and specific futures spread products will be delisted.
📊 1. [Summary of Core Disclosure Content and Major Figures]
- Underlying Asset: Hanwha Aerospace Common Stock.
- Reason for Adjustment: Hanwha Aerospace’s decision on a paid-in capital increase.
- Effective Date: 2025-05-22 (Thursday).
- Adjusted Base Prices for Stock Futures by Contract Month:
- June 2025 Contract: KRW 832,000
- July 2025 Contract: KRW 828,000
- August 2025 Contract: KRW 841,000
- September 2025 Contract: KRW 843,000
- December 2025 Contract: KRW 848,000
- March 2026 Contract: KRW 849,000
- Contract Multiplier Adjustment: The multiplier for futures (June and July 2025 contracts with open interest as of May 21, 2025) and all listed options contracts will be adjusted to 10.16427328.
- Delisting of Futures Spread Products: Due to differing multipliers between nearby and distant contract months, four spread products based on the June 2025 contract (linked with August, September, December 2025, and March 2026 contracts) will be delisted.
- Options Actions: Strike prices for all listed options will be updated, and new strike prices utilizing the standard multiplier of 10 per contract will be newly listed under a special setting.
- Legal Grounds: Derivative Market Business Regulations Articles 25, 30, 35, 62, 70 and Enforcement Rules Articles 9, 15, 16, 18, 46, 55, 57.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing details the implementation of mandatory adjustments to the contract specifications of stock futures and options written on Hanwha Aerospace, following its corporate action of a paid-in capital increase. This represents an administrative procedure governed by derivative market business regulations and enforcement rules to adjust trading metrics.
The quantitative variables to verify are the specific futures base prices ranging from KRW 832,000 to KRW 849,000 effective May 22, 2025, alongside the precise contract multiplier adjusted to 10.16427328. Furthermore, due to the modified multiplier, the delisting of four futures spread contracts has been finalized, and alternative options contracts maintaining the standard multiplier of 10 are slated for a special new listing. Investors should focus on confirming that these specified parameters and delisting entries are applied to the derivative market as officially disclosed.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace’s latest filing officially specifies the regulatory parameters and adjusted pricing metrics implemented across the stock futures and options markets as a direct result of its capital raising decision. The structural adjustments apply to all futures and options contracts outstanding as of May 21, 2025.
The primary objective checkpoint for investors going forward is monitoring the implementation of these revised contract values effective May 22, 2025. Given that base prices have been recalibrated across individual expiration months and the standard contract multiplier has been altered to 10.16427328, verifying the application of these exact figures represents a baseline necessity.
Furthermore, futures spread contracts anchored to the June 2025 expiry are scheduled for delisting due to the mismatch in multipliers, while alternative options contracts maintaining the standard multiplier of 10 are set to be newly listed. Investors should objectively cross-reference these execution statuses with the detailed technical attachment metrics provided in the official regulatory filing.
📢 Disclaimer and Source Information
Source: This content was structured and newly written based on the official data submitted to the Electronic Disclosure System (DART) of the Financial Supervisory Service.
Investment Risk Notice: This information is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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