Supreme Court partially overturns ruling on ABCP lawsuit, remands delay damages case
Supreme Court overturned the delay damages portion in Hyundai Motor Securities' lawsuit related to China CERCG ABCP default and remanded to Seoul High Court
The overturned part includes delay damages under Civil Act Article 750 and selectively joined claims (Capital Markets Act, Civil Act Article 756) corresponding to that portion
All other appeals by the plaintiff and defendants (Hanwha Investment Securities, LS Securities) were dismissed, upholding most of the lower ruling
No specific ruling amount disclosed; company's equity is KRW 878,749,608,097; ratio to equity not provided
Company will respond through legal procedures; further proceedings required
KOSDAQ Filing Information
Filing: Judgment/Decision on Lawsuits, etc. (Claims of a Certain Amount or More)