Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing discloses that deck top edge work and winch load testing on the affected offshore structure have been suspended following a work stop order from the Ministry of Employment and Labor due to a serious industrial accident.
📊 Key Filing Details & Key Figures Summary
1. Key Suspension Details
- Suspended Field: Offshore structure where the accident occurred
- Revenue of Suspended Field: KRW 1,094,800,000,000 (Contract amount stated per the Sales/Supply Contract filing on September 24, 2024)
- Recent Revenue: KRW 10,776,000,000,000 (Based on consolidated financial statements as of year-end 2024, rounded at 100-million KRW level)
- Ratio to Recent Revenue: 10.2%
- Large Corporation Status: Applicable
- Suspension Scope: All load test operations for winches installed on the deck top edge of the affected vessel and vessels under construction
- Reason for Suspension: Occurrence of a serious industrial accident under Article 3 of the Enforcement Rules of the Occupational Safety and Health Act
- Future Countermeasures: Resume work after identifying causes through accident investigation and completing safety measures
- Impact of Suspension: Partial production disruption
- Suspension Date: September 4, 2025, around 17:40 (Receipt date of work stop order from the Ministry of Employment and Labor)
- Expected Resumption Date: Undetermined (To be decided following the decision by the Ministry of Employment and Labor to lift the work stop order)
- Board Resolution Date: September 4, 2025
2. Other Key Reference Information
- Revenue of the suspended field reflects the contract amount from the prior contract filing because revenue recognized as of year-end 2024 was zero under delivery-based revenue recognition rules
- The expected production resumption date will be announced via a corrected filing or Production Resumption disclosure once finalized upon the Ministry of Employment and Labor’s decision
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Confirmation of Expected Production Resumption Date and Submission of Subsequent Disclosures
This filing details a partial work suspension on an offshore structure triggered by an order from the Ministry of Employment and Labor, with the expected resumption date currently pending. Tracking whether an official decision to lift the work stop order is made and whether a corrected filing or ‘Resumption of Production’ disclosure is submitted once the resumption date is confirmed is important for evaluating the operational downtime and recovery timeline. Relevant execution updates can be reviewed in future corrected disclosures, Resumption of Production disclosures, and regular periodic reports (Quarterly, Half-Year, or Annual Reports).
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Source: This content was structured and newly written based on officially submitted data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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