Busan Bank's ABCP Default Lawsuit: Supreme Court Partially Reverses and Remands
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Supreme Court ruled on Busan Bank's ABCP default lawsuit against Hanwha and LS Securities.
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Part of Busan Bank's loss (delay damages) reversed and remanded; remaining appeals dismissed.
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Case remanded to Seoul High Court for retrial.
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No specific monetary amount disclosed; voluntary filing (claim below threshold).
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Impact expected to be minimal relative to Busan Bank's equity of KRW 878.7 billion.
KOSDAQ Filing Information
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Judgment Or Decision On Lawsuit, Etc. (Voluntary Disclosure: Claim Below Specified Amount)
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Company: LS SECURITIES (078020)
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Submission: LS SECURITIES Co., Ltd.
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Under KRX KOSDAQ Market Division
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Shares: 55,481,190
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Price: 8,290 KRW
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Market Cap: 459.9 B KRW