LS Securities Faces Finalized Settlement Payment of 9.8 Billion KRW in ABCP Default Lawsuit with Busan Bank
The Seoul High Court issued a final settlement recommendation ordering LS Securities jointly with Hanwha Investment Securities to pay approximately 9.83 billion KRW in delayed damages to Busan Bank, effective July 15, 2026.
This decision follows mediation after the Supreme Court remand of the ABCP default case related to China CERCG, with LS Securities covering a portion according to the agreed分担 ratio among defendants.
The payment amount represents 1.12% of the company's consolidated equity of 878.7 billion KRW as of end-2025, limiting the financial impact, and the lawsuit will be closed upon payment.
[AI Summary]LS Securities is now required to pay approximately 9.8 billion KRW in delayed damages due to the finalized settlement recommendation in the ABCP default lawsuit with Busan Bank. The amount is 1.12% of equity, indicating limited financial shock, but the resolution of legal uncertainty is a positive development. Investors should monitor the actual burden based on the cost-sharing ratio and any potential further litigation.
KOSDAQ Filing Information
Judgment Or Decision On Lawsuit, Etc. (Voluntary Disclosure: Claim Below Specified Amount)