Woowon Development Increases Contract with Kolong Global for Gukhoe-daero Underground Road Project to 72.6B KRW, Strengthening Backlog Stability
Woowon Development's contract with Kolong Global for the Gukhoe-daero underground road and park (Phase 2) construction project (Section 1) has been adjusted upward from 71.229 billion KRW to 72.634 billion KRW, an increase of approximately 1.405 billion KRW (2%). (Correction disclosure)
The revised contract amount represents about 22.96% of the company's recent revenue (2020 consolidated: 316.3 billion KRW) and is part of a joint venture led by Kolong Global (51%), Samchully EN (10%), and Dongyang (39%).
The contract period runs from May 2021 to December 2027, covering road and park development in Yangcheon-gu, Seoul.
[AI Comprehensive Analysis]The modest contract increase has a limited impact on enterprise value. However, as part of long-term backlog, it supports stable revenue. Investors should monitor further changes and collection schedules.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract