Hyundai L&C decided to extend the debt guarantee for its subsidiary Hyundai L&C Canada Inc. by one year, with a guarantee limit of CAD 62.4 million (approx. 66.7 billion KRW) for the Citibank Canada debt of CAD 52 million.
The guarantee is an extension of an existing guarantee, valid from 2026-05-10 to 2027-05-10, approved on 2026-05-07 (CEO decision).
The guarantee amount represents 39.01% of Hyundai L&C's equity (equity: 170.9 billion KRW, total guarantee balance: 166.1 billion KRW).
The debtor, Hyundai L&C Canada, reported assets of 140 billion KRW, liabilities of 132.7 billion KRW, equity of 7.3 billion KRW, and a net loss of 12 billion KRW as of end-2025, with net losses for three consecutive years.
Hyundai L&C is a major subsidiary of Hyundai Home Shopping, representing 11.4% of the latter's separate asset book value.
KOSPI Filing Information
Filing: Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)