KnJ Acquires Land in Pyeongtaek Brain City for 43.6B KRW to Expand Production Facilities, Strengthening Long-Term Growth

KnJ decided to acquire land and buildings (41,764㎡) in Pyeongtaek Brain City General Industrial Complex for 43.6B KRW, representing 18.91% of its total assets (230.5B KRW) as of end-2025. The purpose is to build new factories and expand production facilities for existing and new businesses.
The seller is Pyeongtaek Urban Corporation. Payment will be made in 8 installments from May 28, 2026 to July 31, 2029: two 5% deposits (total 4.36B KRW), five 15% interim payments (each 6.54B KRW), and a 15% balance.
The contract includes a conditional special clause: if the industrial complex implementation plan (e.g., business type or area) is not amended, the contract may be canceled. In that case, the purchase price will be returned without interest, and no further damages can be claimed.
Although the cash outlay is large and there is conditional risk, this investment is expected to enhance long-term growth through capacity expansion and new business entry, likely a positive factor for the stock price.
[AI Comprehensive Analysis]This tangible asset acquisition aligns with KnJ's growth strategy, signaling positive value enhancement through production capacity expansion and new business development. However, investors should monitor the financial burden from large cash payments and the risk of contract cancellation.