Debt Guarantee for Seongseong Development Extended by 3 Months; Total Guarantee Balance Reduced to KRW 2.0 Trillion
HDC (via subsidiary I-Park Hyundai Industrial Development) extended the debt guarantee period for Seongseong Development by 3 months from May 20, 2026 to August 20, 2026, with the guarantee amount of KRW 103 billion.
After the correction, total guarantee balance decreased from KRW 2.7247 trillion to KRW 1.9955 trillion (PF guarantee limit: KRW 2.0339 trillion to 1.3449 trillion, general guarantee limit: KRW 690.8 billion to 650.7 billion).
Debtor Seongseong Development is in a capital impairment state with total equity of KRW 3.574 billion and net loss of KRW 3.058 billion, indicating weak financial health.
PF-related guarantee balance stands at KRW 1.3449 trillion with unused limit of KRW 140.1 billion.
KOSPI Filing Information
Filing: [Correction of Description] Decision on Debt Guarantee for Others (Major Management Matters of Subsidiary)