Hyundai Steel Sells 100% Stake in Hyundai IFC for 339.3 Billion Won

On January 7, Hyundai Steel announced that it will sell 100% of its stake in Hyundai IFC for 339.3 billion won.

The buyers are a consortium of Woori Private Equity Asset Management and Bailey Private Equity. Hyundai Steel plans to participate as a limited partner in the special purpose company to be established by this consortium, contributing 20% of the disposal amount as well as management fees and other related costs.

The scheduled date of disposal is March 31, 2026.