Shinsung ST decided to lend USD 10 million (approx. KRW 14.568 billion) to its wholly-owned US subsidiary SHINSUNG ST USA INC. for operating funds, resolved by the board on 2026-04-06.
Loan amount corrected from initial KRW 15.188 billion to KRW 14.568 billion, reflecting the actual exchange rate of KRW 1,456.80/USD on the loan date.
Loan period: from 2026-05-07 to 2027-05-06, with an interest rate of 6.0%.
The subsidiary (established in 2025, paid-in capital KRW 29.07 billion) will use the funds for initial operating expenses, including raw material purchases for local plant mass production of ESS core components.
Loan amount represents 14.01% of the company's consolidated equity (KRW 103.98 billion as of end-2025).
No other loans or contingent liabilities exist; this is the only outstanding loan to the counterparty.
KOSDAQ Filing Information
Filing: [Correction of Description] Decision on Monetary Loan