Fact Source: Financial Supervisory Service DART / 2026-04-01
Disclosure Type: Supply Contract Signing (Corrected Report)
💡 3-Second Summary
Hanwha Systems has filed an amended disclosure revising the contract value for the “Cheongung-II MFR Export” (originally signed on January 17, 2022) from KRW 1.302T to KRW 1.116T.
📊 1. [Key Disclosure Contents & Summary Metrics]
- Corrected Report: Supply Contract Signing (Original Filing Date: January 17, 2022)
- Reason for Amendment: Change in contract amount
- Contract Name: Cheongung-II Multifunction Radar (MFR) Export
- Corrected Contract Terms:
- Contract Amount: Revised from KRW 1,302,001,412,992 to KRW 1,115,737,626,879 (Approx. KRW 1.116T)
- Ratio to Recent Revenue: Revised from 79.25% to 67.91% (Based on 2020 consolidated annual revenue of KRW 1.643T)
- Key Contract Terms Correction: Advance payment status corrected to ‘Yes’ (Present)
- Counterparty: TTI
- Supply Region: UAE (United Arab Emirates)
- Important Notes:
- Specific contract details are omitted due to defense industry security regulations
- Contract amount converted to KRW using the Seoul Money Brokerage base rate (1,187.60 KRW/USD) as of January 17, 2022
- Contract amount is subject to change depending on progress
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing discloses an official amendment to the contract parameters for the Cheongung-II MFR export agreement, with the stated reason for amendment being a “change in contract amount.”
According to the document, the total contract value was revised downward by KRW 186.26B, changing from KRW 1.302T to KRW 1.116T, which adjusts the contract-to-revenue ratio to 67.91%. As the disclosure notes that contract amounts remain subject to adjustment based on ongoing progress, market participants can review the updated numerical terms as presented.
📝 Editor’s Comment (by K-STOCK Editor)
An amended supply contract disclosure reflects modified contract figures in accordance with the stated reason of a “change in contract amount.” This amendment records the revised contract value of KRW 1.1157T (calculated at 1,187.60 KRW/USD) and notes the presence of advance payment terms (‘Yes’).
For readers, the primary follow-up point is noting the explicit condition in the disclosure that the contract amount remains subject to potential variations depending on future progress. Tracking future periodic financial statements and subsequent regulatory filings serves as the appropriate verification step.
📢 Disclaimer & Source Notice
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Warning: This content is provided for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest solely with the investor.
Contact: For compliance inquiries or copyright concerns, please contact ksb220805@gmail.com.
