Correction of Borrowing Unit Error in Corporate Governance Report, Financial Structure Improvement and Shareholder Return Policy Under Review

KOREA LINE submitted a correction disclosure on June 2, 2026, fixing a unit error in borrowing figures in its corporate governance report (from 2.44 quadrillion won to 2.44 trillion won)
The correction is a simple typo fix with no change to actual financial data, thus limited direct impact on shareholder value
The company failed to establish a value-up plan during the disclosure period, citing high debt of approximately KRW 2.44 trillion and interest expenses of KRW 149.5 billion at end-2023 on a consolidated basis
However, it noted that selling ships in 2024 significantly improved its financial structure, and it is now reviewing a shareholder return policy that balances short-term shareholder interests with long-term development
The company committed to disclosing a value-up plan upon establishing a shareholder return policy, but actual execution is expected to take time
No dividends or shareholder returns were made due to lack of a medium- to long-term policy, but the company expressed its intention to formulate a policy based on improved finances
[AI Summary]This disclosure is a neutral event as it merely corrects a unit error. The inability to establish a value-up plan due to high debt is negative, but the improved financial structure through ship sales and the review of a shareholder return policy are positive signals. Actual shareholder returns will take time, and future concrete plans will be a key factor for stock price.