Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
This filing is a corrected disclosure confirming that the expected production resumption date has been officially set to September 19, 2025, following official notice from the Ministry of Employment and Labor regarding the work suspension on the offshore structure where a fatal industrial accident occurred.
📊 Key Filing Details & Key Figures Summary
1. Correction Details & Reason
- Original Disclosure: Suspension of Production (Originally Filed: September 5, 2025)
- Reason for Correction: Confirmation of the expected production resumption date
- Corrected Item: Specification of the expected production resumption date as September 19, 2025 (previously pending)
2. 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%
- 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
- 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: September 19, 2025 (Date of company decision to resume work following receipt of official document from the Ministry of Employment and Labor)
3. 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
- Actual production resumption will be separately announced via a Production Resumption filing once finalized
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Confirmation of Work Resumption and Submission of Production Resumption Disclosure
This corrected filing officially sets September 19, 2025, as the target date for resuming operations on the affected offshore structure following official correspondence from the Ministry of Employment and Labor. Tracking whether work actually resumes on schedule and checking for the official submission of a ‘Resumption of Production’ filing is important for verifying the resolution of production disruptions. Relevant execution updates can be reviewed in subsequent Resumption of Production filings and regular periodic reports (Quarterly, Half-Year, or Annual Reports).
📢 Disclaimer & Source Information
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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