Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction regarding its KRW 2.64T debt guarantee (54.28% of equity) related to responsible construction performance for Sinan Oui Offshore Wind Power Co., Ltd., updating the debtor’s corporate relationship from “Affiliate” to “None (-)”.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Corrected Item: Relationship with debtor Sinan Oui Offshore Wind Power Co., Ltd.
- Before: Affiliate ➔ After: None (-)
- Reason for Correction: Exclusion of debtor from corporate affiliates
- Debt Guarantee Details (Target: Sinan Oui Offshore Wind Power Co., Ltd.):
- Debtor: Sinan Oui Offshore Wind Power Co., Ltd.
- Creditors: Korea Development Bank, Kookmin Bank, Shinhan Bank, Woori Bank, Industrial Bank of Korea, and other financial institutions
- Guarantee Amount: KRW 2,640,000,000,000 (Approx. KRW 2.64T)
- Total Equity: KRW 4,863,349,890,725 (Based on end-2024 consolidated financial statements)
- Ratio to Equity: 54.28%
- Guarantee Period: April 9, 2026 ~ June 19, 2029
- Total Remaining Guarantee Balance: KRW 766,475,468,081 (Excludes current guarantee)
- Guarantee Nature & Important Remarks:
- Joint liability guarantee for potential damages if responsible construction obligations are not fulfilled as a construction investor in the Sinan Oui Offshore Wind Power Project
- The stated amount reflects the total project construction cost (Hanwha Ocean portion: KRW 1.97T, Hyundai E&C portion: KRW 668.4B) as damages cannot be finalized at present
- Debtor’s Financial Summary (As of end-2024):
- Total Assets: KRW 4,023M / Total Liabilities: KRW 16M / Total Equity: KRW 4,006M / Net Loss: KRW -421M
- Related Disclosures: 2026-02-13 Decision on Guarantees for Others, 2026-03-27 Decision on Guarantees for Others
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verifying Debtor Relationship Reclassification and Future Construction Fulfillment Progress
Checking the reclassification of the debtor’s corporate relationship and subsequent project execution progress is important because it allows investors to assess whether potential damages risks from non-performance of responsible construction obligations materialize and to measure their actual financial impact. Investors can verify further details through subsequent correction disclosures and periodic reports.
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Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
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