DL E&C Wins 1.0 Trillion Won Public Housing Project from LH in Seoul, Strengthening Future Revenue Base

DL E&C has signed a construction contract with Korea Land & Housing Corporation (LH) for the 'Seoul Jeungsan 4 Urban Public Housing Complex Project'. The contract amount attributable to DL E&C (53% share) is approximately KRW 1.0018 trillion (excluding VAT).
This contract represents 13.53% of the company's latest annual revenue (approx. KRW 7.4 trillion as of end-2025), securing stable revenue for over 7 years.
The project is located in Jeungsan-dong, Eunpyeong-gu, Seoul, and involves constructing 3,574 households of apartments (B5–F41) and ancillary welfare facilities. The contract period runs from May 27, 2026 to December 31, 2033.
Payments will be made based on progress within the limit of sales revenue; any shortfall will be settled after completion. Counterparty LH has high creditworthiness, reducing default risk.
This order boosts DL E&C's order backlog, contributing to future revenue growth. However, risks such as raw material price fluctuations exist during construction.
[AI Comprehensive Analysis]This large-scale public housing order is a positive signal strengthening DL E&C's stable revenue base. Given the reliable counterparty (LH) and the project's scale (13.5% of annual revenue), it is expected to contribute to mid- to long-term profitability, but execution risks such as construction cost increases and schedule delays need monitoring.