Seongwon Energytech Defaults Due to Court Order (No Trading Suspension)
On April 30, 2026, Seongwon Energytech defaulted on a matured bill of 175,611,002 won presented at Industrial Bank of Korea Songtan branch.
Reason: On April 16, 2026, the Suwon Rehabilitation Court issued a preservation order and comprehensive injunction, barring debt payment without court approval.
This default does not trigger a trading suspension under Article 89 of the Bills Exchange Rules.