Contract Amount for Itaewon-dong UN Base Complex Development Revised Upward to 847.3 Billion Won

The contract amount for the Itaewon-dong UN base complex development project with Yongsan Eleven Co., Ltd. was revised upward from 750.8 billion won to 847.3 billion won, an increase of 96.46 billion won.
The contract amount represents 4.69% of the consolidated revenue as of end-2021 (approximately 18.07 trillion won).
The contract period is from 2023-02-11 to 2027-06-04, with payments billed and paid as construction progresses.
The project involves constructing 12 buildings with 7 underground and 20 above-ground floors, including apartments, officetels, retail facilities, and a hotel.