Largest Shareholder Gang Sam-gwon Extends Pledge Agreement on 1.5M Shares (12.19%) with IBK – No Change in Shareholder Value
As of report date 2026-06-01, the largest shareholder Gang Sam-gwon and six specially related persons held unchanged 7,179,697 shares (58.36% total, 33.56% common stock).
Gang Sam-gwon extended the pledge agreement on 1,500,000 voting shares (12.19%) with IBK (Industrial Bank of Korea) from 2026-05-20 to 2026-12-01, maintaining a loan of 2.1B KRW at 3.714% interest and 125% collateral maintenance ratio.
This extension is a routine financial contract change without new fundraising or dilution. However, the existing pledge maintains margin call risk if share price declines.
[AI Summary]The largest shareholder's extension of the stock pledge agreement is a routine financial management action without immediate negative impact on shareholder value, but the 12.19% pledged shares retain forced liquidation risk in case of sharp price drops.