SEOJIN SYSTEM CO.,LTD Jun Dong Kyu extends share-backed loan; group stake unchanged at 20.51%
SAI summary · Not investment advice
Jun Dong Kyu and related parties keep a 20.51% stake in SEOJIN SYSTEM CO.,LTD after extending a share-backed loan. Shares under contracts total 9,740,391.
Total under contracts
9,740,391 shares
15.29% · 15 contracts
Key facts
- Stake
- 20.51%Previous 20.51% · no change · 19.91% in shares only
- Reporting holder
- Jun Dong Kyu and 12 related parties
- Previous stake
- 20.51%
- Purpose of holding
- To influence management
- Relationship with issuer
- Largest shareholder
- Report type
- Change in contracts
- Reason for report
- Extension of a share-backed loan
- Previous shares held
- 13,068,517 shares
- Shares held
- 13,068,517 sharesIncludes 382,800 stock options
- Reason for amendment
- Extension of a share-backed loan
- Previous shares under major contracts
- 9,740,391 shares15.29%
- Shares under major contracts
- 9,740,391 shares15.29%
- Reporting obligation date
- Oct 12, 2026
Commentary
AI commentary · Not investment advice
What happened
Jun Dong Kyu, the largest shareholder of SEOJIN SYSTEM, and 12 related parties reported that a loan backed by their shares (share-backed loan) was extended. The contract dated October 12 is a KRW 10.0 billion loan from KB Securities, now due December 30, 2026. Their share count did not change.
In the company's terms
They hold 13,068,517 shares, including 382,800 stock options. That is 20.51% of the 63,723,489 voting shares, or 19.91% counting shares only. Shares under collateral and other contracts total 9,740,391, or 15.29%, across 15 contracts.
What changes for shareholders
The largest is a 3,500,000-share pledge linked to a joint-holder holding company. It stays in place until the secured debts are fully repaid. Among the loans, the Korea Securities Finance contract matures on October 30 and the Hyundai Motor Securities contract on November 2.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.062026.11.06 | — | 20.51% | 0.00%p |
| 26.11.062026.11.06 | — | 6.22% | +1.14%p |
| 26.10.072026.10.07 | Neo-solutions Inc. and 2 related parties | 14.83% | +1.54%p |
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