Injunction Granted for 984.9 Billion Won Redevelopment Contract, Contractor Status Temporarily Restored
DL E&C received a unilateral termination notice on April 11, 2026, from the union for the Sangdaewon 2 district redevelopment project (contract value approx. 984.9 billion won, 13.3% of 2025 revenue).
DL E&C's preliminary injunction request to suspend the effect of the termination and the general meeting resolution was granted by the court on April 29, 2026, temporarily restoring its contractor status.
DL E&C plans to pursue further legal actions, including a main lawsuit to confirm its contractor status.
The contract is a major revenue source; its termination would have negatively impacted earnings, but the injunction temporarily mitigates the risk.
KOSPI Filing Information
Filing: [Correction of Description] Termination of Single Sale and Supply Contract