Largest Shareholder Jae-soon Yoo Pledges 31,200 Shares for Gift Tax Installment, No Impact on Shareholder Value


  • Reason for change: Special relation Yoo Ji-yu pledged 31,200 shares to the Gangnam Tax Office as collateral for gift tax installment payment.
  • No change in total shareholding: 700,059 shares, 40.24% maintained.
  • No new shares issued or capital change, thus no dilution for existing shareholders.
  • No treasury stock acquisition, cancellation, or dividend payout mentioned.
  • No financial soundness indicators such as BIS ratio, NPL, or contingent liabilities in the report.
  • [AI Summary]The largest shareholder's pledge of shares for gift tax purposes does not alter control or shareholder value, with limited stock price impact expected.

KOSPI Filing Information


  • Report on Large Shareholding (General)
  • Company: MICHANG OIL IND (003650)
  • Submission: Jae-soon Yoo

  • Shares: 1,739,672
  • Price: 125,700 KRW
  • Market Cap: 218.7 B KRW