IPARK Hyundai Development disclosed a decision to provide shares as collateral for a project finance loan at its subsidiary Jamsil MICE Co., Ltd. on October 29, 2026.

The company said it will provide share collateral for the project finance loan agreement that Jamsil MICE Co., Ltd. is entering into to raise funds for the Jamsil Sports and MICE complex private investment project. The collateral is a share pledge over shares the company plans to contribute to Jamsil MICE Co., Ltd., and the collateral amount is KRW 109.2 billion. The decision was disclosed based on the board resolution date of October 29, 2026.

1. 01

   The borrower is Jamsil MICE Co., Ltd., and the lender is the syndicate of lenders under the Jamsil MICE financing agreement, led by Shinhan Bank.

2. 02

   The collateral amount is KRW 109.2 billion, or 3.4% of equity, and the company said the large-company status is marked as applicable.

3. 03

   The company said it is the major shareholder of Jamsil MICE Co., Ltd.

4. 04

   The collateral is a share pledge over shares the company plans to contribute to Jamsil MICE Co., Ltd., and the collateral period runs from October 30, 2026 to June 30, 2067.

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

4,818,900,000,000

Collateral amount

109,229,120,000

Equity

3,212,755,613,173

Ratio to equity (%)

3.4

Collateral period

October 30, 2026 ~ June 30, 2067

Collateral assets

21,845,824 shares of Jamsil MICE Co., Ltd.

Filing facts

Filing type

Debt Guarantee or Loan

Report name

Debt Guarantee or Loan

Filed

Oct 29, 2026

Receipt number

20261029800119