Korea Infrastructure Management Receives Real Estate Collateral from Subsidiary Daewoo Songdo Hotel... Collateral Amount 150 Billion Won

Korea Infrastructure Management announced on July 24 that it received real estate collateral (mortgage trust priority income rights) from its subsidiary Daewoo Songdo Hotel. The collateral provider is Daewoo Songdo Hotel, a subsidiary, with the collateral date set for July 22, 2026, coinciding with a board meeting. The collateral limit is 180 billion won, with a collateral amount of 150 billion won. The total outstanding amount with the counterparty is 180 billion won, and the collateral period runs from July 25, 2022, to July 25, 2029. This announcement follows the extension of the operating fund loan period, which prolonged the collateral period. The collateral limit is 120% of the loan amount to Daewoo Songdo Hotel, with the collateral amount matching the loan itself. A related announcement was made on July 25, 2023. The presence of an independent director was not mentioned, though the auditor attended the board meeting. Transaction details may change during the process.