HL D&I Corrects Cheongju Housing Construction Contract Upward by 7.5% to 205.4B KRW; Completion Imminent, Expected to Boost Cash Flow
HL D&I filed a correction disclosure on May 29, 2026, increasing the contract amount for the 'Cheongju Heungdeok-gu Wolmyeong Park Apartment New Construction' project, originally won in September 2020, by KRW 14.35 billion (7.5%) from KRW 191.0 billion to KRW 205.37 billion, reflecting final settlement.
The increased contract amount represents 15.74% of 2019 consolidated revenue (approx. KRW 1.30 trillion), up from the previously disclosed 14.64%.
The project commenced on July 31, 2023, and is scheduled for completion on May 31, 2026. This correction accounts for the final cost settlement and adjustment of the construction period upon completion.
Under the special urban park project scheme, the developer Daesung I&D will donate the park to Cheongju City and sell apartments on the remaining site. As the contractor, HL D&I is in the final revenue recognition stage, which is expected to improve cash flow.
[AI Comprehensive Analysis]This correction is a routine adjustment from the settlement of an existing contract, with a slight increase in contract value. It is not a major event affecting stock price or management control. However, the imminent completion of a large-scale project and additional revenue recognition are positive signals, likely supporting short-term financial stability.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract