Termination of Daejeon Gaodong Reconstruction Contract (approx. KRW 145.4 billion)

Termination of construction contract for Daejeon Gaodong District 1 reconstruction project, termination amount KRW 145,362,956,815 (excl. VAT), equivalent to 3.70% of consolidated sales at end-2020
Termination due to notice from client (Daejeon Gaodong District 1 Reconstruction Association), company to respond after legal review
Termination date 2026-05-08 (date of receipt of termination notice), initial contract date 2021-04-02, end date not specified