Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems filed a correction report regarding its sales and supply contract with TTI for the export of MFR for Cheongung-II, adjusting the contract amount from approx. KRW 1.30T down to approx. KRW 1.12T.
📊 Key Disclosure Contents & Financial Figures
- Disclosure Title: Execution of Single Sales or Supply Contract (Correction Report)
- Reason for Correction: Amendment to contract amount (Original disclosure filing date: Jan 17, 2022)
- Contract Classification: Other Sales/Supply Contract
- Contract Title: MFR (Multi-Function Radar) Export for Cheongung-II
- Key Corrected Items in Contract Details:
- Contract Amount: KRW 1,115,737,626,879 (approx. KRW 1.12T / Before Correction: KRW 1,302,001,412,992, approx. KRW 1.30T)
- Ratio to Revenue: 67.91% (Before Correction: 79.25%)
- Recent Annual Revenue: KRW 1,642,854,571,594 (2020 consolidated basis)
- Large Corporation Status: Yes
- Counterparty & Region:
- Contract Counterparty: TTI (Relationship: None)
- Sales/Supply Region: UAE
- Key Contract Terms:
- Down Payment / Advance Payment Included: Yes
- Reason for Disclosure Deferral: Business confidentiality
- Other Reference Matters:
- Contract details omitted due to defense industry security regulations.
- Contract amount was converted into KRW using the Seoul Money Brokerage base rate of KRW 1,187.60/USD on January 17, 2022.
- Contract amount is subject to change depending on project progress.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Contract Execution and Subsequent Contract Amount Modifications
This correction disclosure reflects an adjustment to the contract amount for the Cheongung-II MFR export agreement with TTI (UAE). As specific details are kept confidential due to defense industry security, monitoring whether any subsequent correction disclosures are filed regarding further adjustments to the contract amount during execution is important to track project progress via future disclosures and periodic reports.
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Source: This content was newly generated and structured based on official data submitted to the Financial Supervisory Service DART.
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