Hyundai Engineering & Construction Selected as Contractor for Apgujeong Reconstruction Project Worth 1.0472 Trillion KRW, Boosting Order Backlog

Hyundai Engineering & Construction selected as contractor for Apgujeong District 5 reconstruction project
Contract amount of approximately 1.0472 trillion KRW (70% share, VAT excluded), representing 3.4% of 2025 consolidated revenue (31.0629 trillion KRW)
This order is expected to contribute to future revenue and profit, providing stable cash flow from a large-scale housing reconstruction project
Contractor selection date: May 30, 2026; board resolution date: June 1, 2026
Final contract details to be disclosed later; subject to change during project execution
[AI Summary]Hyundai Engineering & Construction's win of this large Apgujeong reconstruction project sends a positive signal for the stock outlook. The 1 trillion KRW order accounts for 3.4% of total revenue and is expected to contribute stable revenue. However, investors should be aware of potential project changes.