Source: Financial Supervisory Service Dart System / 2025-09-01
Disclosure Type: Decision on Paid-in Capital Increase (Major Managerial Matters of Subsidiary) (Correction)
💡 3-Second Summary
Regarding the KRW 363.3 Billion paid-in capital increase decided by its subsidiary Hanwha Ocean USA International LLC to secure operational funds and investment resources, Hanwha Ocean has filed a correction disclosure to set the final payment date to August 30, 2025, as the capital increase was completed on that date.
📊 1. [Key Disclosure Details & Major Figures Summary]
- Subject of Correction Filing: Decision on Paid-in Capital Increase originally corrected on 2024-12-30 (First filed on 2024-06-14)
- Reason for Correction: Confirmation of the scheduled payment date
- Details of Payment Date Correction:
- Before Correction: Unconfirmed (Stated that the payment date was undecided and scheduled to be executed based on project progress, with a correction filing to follow once the final completion date was confirmed)
- After Correction: 2025-08-30 (Corrected as the capital increase was completed as of August 30, 2025)
- Subsidiary (Decision Maker): Hanwha Ocean USA International LLC (U.S. Nationality, Representative: Yeonsung Chang, Affiliate of Hanwha Ocean, Primary Business: Maritime Service, Major Subsidiary: No)
- Funding Purpose & Scale (Total KRW 363.3 Billion):
- Operational Funds: KRW 2,900,000,000 (KRW 2.9 Billion)
- Acquisition of Securities of Other Corporation: KRW 360,400,000,000 (KRW 360.4 Billion)
- Method of Capital Increase: Shareholder-allocated paid-in capital increase (As this transaction involves no issuance of new shares, details such as number of shares, face value, and new share price are omitted)
- Board Resolution Date (Decision Date): 2024-06-13 (The date of board approval of Hanwha Ocean USA International LLC)
- Subject to Securities Registration Statement Filing: No (The entity is an unlisted foreign corporation and is not subject to securities registration requirements)
Conversion & Operational Parameters:
- The funding purpose amounts were translated based on the exchange rate of 1 USD = 1,371.00 KRW as of June 14, 2024 (rounded to the nearest hundred million KRW). The actual translated KRW value may change depending on exchange rates at the time of execution.
- The total assets of Hanwha Ocean USA International LLC (recorded as KRW 0 under subsidiary matters) are evaluated based on the financial statements as of March 31, 2024, noting that an initial capital contribution of USD 17.2 Million was completed on April 19, 2024. Hanwha Ocean’s consolidated total assets of KRW 13.94 Trillion are based on year-end 2023 statements.
📈 2. [Expert’s Perspective: What This Disclosure Means for Investors]
- Payment Schedule Documented: While the scheduled payment date was previously unconfirmed, it has now been officially finalized as of August 30, 2025, upon the completion of the capital increase.
- Explicit Exchange Rate Variable: The registered values are translated based on the exchange rate of 1,371.00 KRW/USD on June 14, 2024. The filing explicitly notes that the actual translated KRW amount may change depending on the exchange rates at the time of execution.
- Capital Increase Without Share Issuance: This transaction was executed without issuing any new shares, meaning that quantitative parameters such as the type, number, or price of new shares were omitted from the official filing.
📝 Editor’s Comment (by K-STOCK Editor)
This correction filing details a schedule adjustment for Hanwha Ocean’s subsidiary, Hanwha Ocean USA International LLC, regarding its KRW 363.3 Billion paid-in capital increase. The update formally registers the completion of the capital increase on August 30, 2025, which was previously left unconfirmed in the filing.
Investors should monitor two objective variables going forward. First is the comparison of the actual translated contribution values. Since the registered funding amounts are calculated using the baseline exchange rate of 1,371.00 KRW/USD from June 2024 and are subject to change depending on exchange rates at the execution, investors should check subsequent periodic filings to cross-examine the finalized cumulative KRW contribution recorded in the reports. Second is the tracking of the allocated funds. The capital increase allocates KRW 360.4 Billion specifically for the acquisition of securities of other corporations. Market participants should monitor future periodic reports to verify whether these funds are translated into asset expansion and recorded under the investment details of the subsidiary in the periodic reports.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).
Investment Advisory Warning: This material 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 individual investor.
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