Kumho Engineering & Construction Amends Gumi LNG Power Plant Contract with Slight Decrease in Value

Kumho Engineering & Construction filed an amendment to its contract with Korea Western Power for the Gumi LNG power plant construction, reducing the contract value from approximately 357.0 billion KRW to 356.2 billion KRW, a decrease of about 0.8 billion KRW.
This adjustment reflects changes in design and other business conditions, with construction expected to continue until August 31, 2026.
The contract has been amended multiple times since its initial signing in September 2022, and this reduction has limited impact on shareholder value.
[AI Summary]This contract amendment for Kumho's Gumi power plant project is a routine adjustment with no issuance of new shares or capital changes. Therefore, it does not materially affect existing shareholder value and is assessed as neutral.