Nongshim Discloses Change in Transactions with Affiliate Yulchon Chemical - Purchase Amount of 47 Billion KRW Representing 1.72% of Sales
Nongshim disclosed a change in the estimated transaction amount with affiliate Yulchon Chemical, approved by the board on June 29, 2026.
The revised transaction includes purchase of packaging materials for 47 billion KRW and product sales for 0.2 billion KRW, totaling 47.2 billion KRW, equivalent to 1.72% of 2025 standalone sales of 2,734.7 billion KRW.
The purchase is settled via promissory note alternatives and contracted privately; the board had 4 outside directors present, 1 absent, and auditor present.
[AI Summary]This transaction represents an over 20% increase from the previous disclosure, but at 1.72% of sales it is minor and does not affect capital structure or shareholder returns. The assessment is neutral.
KOSPI Filing Information
Change in Goods and Services Transactions with the Same Person and Affiliated Companies