Hyosung Corrects Debt Guarantee for Hyosung Chemical's 200 Billion Won New Type Capital Securities - Total Guarantee Balance Increases to 1.6 Trillion
Hyosung decided to provide a debt guarantee (cash replenishment agreement) for 200 billion won of new type capital securities issued by its affiliate Hyosung Chemical, correcting its previous disclosure
The creditor is Hyosung Chemi Jeilcha Co., Ltd. (a securities firm's SPC), with a guarantee period from 2026-05-22 to 2056-05-22 (30 years), but early redemption possible after 3 years from issuance
This correction increases Hyosung's total debt guarantee balance from 1,402,676,200,000 won to 1,602,676,200,000 won, an increase of 200 billion won
As of 2025, Hyosung Chemical's total equity was 633,071 million won, turning from negative 67,993 million won in 2024; sales: 2,340,718 million won; net profit: 326,028 million won
KOSPI Filing Information
Filing: [Correction of Description] Decision on Debt Guarantee for Others