POPA ReconIf 20 trillion won is excluded from FCF in 2026 as advance payment, it is logical that when actual products are delivered in 2027 and 2028…
If 20 trillion won is excluded from FCF in 2026 as advance payment, it is logical that when actual products are delivered in 2027 and 2028 and the advance payment is converted into sales, it should be properly reflected in the FCF calculation for shareholder return. That is, 2026: Advance fee +20 trillion → FCF adjusted by -20 trillion 2027-28: Actual delivery → Normalize and reflect the corresponding advance payment depletion If you just move the period like this, there is no problem. on the contrary When receiving it in 2026, “I will deduct it because it is an advance payment.” When del…
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