Seojin System disclosed that it decided to provide a joint and several guarantee for KRW 156 billion of debt owed by its affiliate, Texon Asset Securitization Co., Ltd., on October 28, 2026.

Seojin System disclosed that its board decided on October 28, 2026 to guarantee debt of its affiliate, Texon Asset Securitization Co., Ltd. The guarantee amount is KRW 156 billion, and the company said the debt is an ABL loan to secure working capital for the expansion of its semiconductor equipment business. The company said the total outstanding guarantee balance is KRW 782.3 billion, and that the balance and term may change depending on the timing of debt repayment.

1. 01

   The debtor is Texon Asset Securitization Co., Ltd., an affiliate, and the creditors include Shinhan Investment Corp.

2. 02

   The borrowing amount of KRW 130 billion is an asset-backed loan (ABL) secured by the future receivables of its subsidiary, Texon Co., Ltd., and the guarantee is a joint and several guarantee from the parent company, Seojin System.

3. 03

   The guarantee amount equals 15.25% of equity, and the filing marks the company as a large enterprise group member as applicable.

4. 04

   The company said the debt will be repaid in monthly installments, and that it plans to file a correction disclosure if the outstanding guarantee balance is fully repaid before the end of the period.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Borrowing amount

KRW 130 billion

Guarantee amount

KRW 156 billion

Percentage of equity (%)

15.25%

Guarantee term

October 29, 2026 ~ May 3, 2028

Equity

KRW 1.02 trillion

Total outstanding guarantee balance

KRW 782.3 billion

Filing facts

Filing type

Debt Guarantee or Loan

Report name

Decision on Debt Guarantee for Others

Filed

Oct 28, 2026

Receipt number

20261028900699