Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor issued a corrected disclosure regarding its plan to acquire KRW 2.89T in shares of a newly established entity (HMG Future Complex Corp., tentative) to secure a new R&D and business hub, adding detailed shareholder agreement terms including call options and rights of first offer among group affiliates.
📊 [Key Disclosure Content & Financial Highlights]
1. Correction Details
- Original Filing Date: April 24, 2026
- Reason for Correction: Text amendments following the execution of the Joint Venture Agreement (Details regarding put/call option contracts)
2. Key Corrected Items (Contract Terms for Options/Shareholder Rights)
- Call Option Provision: If any of the contract parties (Hyundai Motor, Kia, Hyundai Mobis, Hyundai Glovis, Hyundai Steel, Hyundai Rotem) is excluded from the Hyundai Motor Group, the remaining parties have the right to request that party to sell all of its shares in the joint venture.
- Right of First Offer: If any contract party intends to sell all or part of its shares to a third party, the remaining parties hold the right to make a priority purchase offer directly or through a designated third party.
3. Share Acquisition Summary (Unchanged)
- Target Company: HMG Future Complex Corp. (tentative) / Main Business: Real estate leasing
- Number of Shares to Acquire: 2,888,550 shares
- Acquisition Amount: KRW 2,888,550,000,000 (KRW 2.89T)
- Amount Relative to Equity: 2.3% (Based on consolidated equity of KRW 127.65T at year-end 2025)
- Post-Acquisition Ownership & Stake: 2,888,550 shares (36.1% stake)
- Purpose of Acquisition: Securing a new research and business hub through the target company
- Payment Method & Schedule: Cash acquisition; payment installment schedule over 5 years (May & June 2026, April 2027, April 2028, April 2029, and December 2030)
- Expected Acquisition Date: 2030-12-23
- Board Resolution Date: 2026-04-23 (7 Outside Directors attended)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Tracking Target Entity Establishment and Investment Execution
Because this corrected disclosure finalizes the legal terms of the shareholder agreement among group entities, it is necessary to check the formal incorporation of the target company and the progress of installment payments according to the agreed schedule. Verifying whether the capital contributions and affiliate inclusion proceed as planned is essential to determining whether this large-scale investment transaction is completed without disruption. Relevant progress can be verified in upcoming Periodic Reports (Annual, Half-Yearly, Quarterly Reports) or subsequent official disclosures.
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Source: This content has been structured and newly drafted based on official data submitted to the Financial Supervisory Service’s DART system.
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