Severe Disciplinary Actions Including Prosecution Referral for Accounting Standards Violation
- The Securities and Futures Commission imposed fines, 3-year auditor designation, dismissal recommendation, prosecution referral, and corrective measures on Hanchang Co., Ltd. for violating accounting standards including overstatement of sales and cost of sales, omission of guarantee disclosures, and false securities reports.
- Main violations: Overstatement of sales and cost of sales by KRW 10,075 million in 2021 and KRW 16,510 million in 2022; omission of KRW 2,611 million in guarantee disclosures in 2021; false securities reports based on financial statements from H1 2021 to Q1 2022.
- The company plans to implement preventive measures such as employee training and improvement of internal accounting controls, and will respond through legal procedures.
- Action date and confirmation date: May 6, 2026.
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KOSPI Filing Information
- Filing: Prosecution Complaint and Other Measures due to Violation of Accounting Standards
- Company: Hanchang (005110)
- Submission: Hanchang Corporation
- Receipt: 05-06-2026
- Under KRX KOSPI Market Division