- Attendance of auditors (members of Audit Committee who are not outside directors)
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6. Other matters to be factored into investment decisions
1. Korea Line LNG Co., Ltd. is a consolidated subsidiary of KOREA LINE CORPORATION as of the date of disclosure.
(KOREA LINE CORPORATION's interest : 100%)
2. In the transaction, KRW 30 billion on March 24, 2022, KRW 50 billion on April 28, 2022, and KRW 20 billion on July 28, 2022 will be split and loaned, respectively.
3. The interest rate (%) in "2. Details of lending" will be negotiated and adjusted if it is necessary to change the applicable interest rate in accordance with related laws in the future.
4. For "4. Total balance of cash lending," the basic exchange rate (1 USD=KRW 1,221.40) initially announced on the date of resolution of the board of directors (March 23, 2022) was applied.
5. The "Equity capital (KRW)" under "Details of lending" is the amount obtained by adding the amount of increase or decrease, such as capital increase, until September 30, 2021 to the total equity, based on the consolidated financial statements as of the end of 2020.
6. The condensed financial statement of the borrower company below is as of the end of 2020 (the current fiscal year), the end of 2019 (the previous fiscal year), and the end of 2018 (two fiscal years prior).
7. This cash lending is a transaction between affiliates, and this disclosure replaces the large-scale insider transaction disclosure submitted to the Fair Trade Commission.
※ Related disclosure
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【Condensed Financial statements of Borrower】(in KRW mn)
Type
Total Assets
Total Liability
Total Shareholders' Equity
Capital stock
Sales
Net Income
Current fiscal Year
673,035
539,795
133,240
100,000
76,607
9,152
Previous fiscal Year
-
-
-
-
-
-
Two fiscal years prior
-
-
-
-
-
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Korea Line Corporation published this content on 25 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2022 02:05:01 UTC.
Korea Line Corp is a Korea-based company engaged in the provision of marine transportation services. The Company operates a fleet of carriers, including bulk carriers for iron ore, liquefied natural gas (LNG) carriers for natural gas, and tankers for oil and petroleum products. The Company is also involved in the import and export of products such as steel; iron ore production; mold making; government ordered construction; ship management and parts supply and other businesses.
KOREA LINE CORPORATION 
