ISC, a member of the SK Group (headed by Chey Tae-won), has submitted its quarterly status disclosure as required for companies belonging to large corporate groups. The filing provides transparency regarding internal transactions, cross-shareholdings, and debt guarantees within the conglomerate.
According to the disclosure, ISC reported significant transactions with its affiliate, SK hynix, specializing in the manufacture of other electronic components. The transactions primarily involved the supply of semiconductor test sockets and cleaning chemicals. The total revenue generated from these transactions during the reporting period amounted to 6,875 million KRW (~$4.98M USD based on 1381 KRW/USD), conducted via limited competitive bidding with payment made through promissory notes.
The company further confirmed that there were no changes in circular shareholdings among domestic affiliates, no voting rights exercised by financial or insurance affiliates, and no debt guarantees provided for other group affiliates during this period.