GS E&C Selected as Constructor for 338.2B KRW Geumjeong 4th District Redevelopment, Securing Stable Order Backlog

GS E&C has been selected as the constructor for the Geumjeong 4th District Redevelopment project in Gunpo, Gyeonggi-do, involving 900 apartment units and ancillary facilities, with a contract amount of approximately 338.2 billion KRW (excluding VAT).
The project amount represents 2.72% of consolidated sales as of end-2025, and construction is scheduled for 42 months from the actual start date.
This order win is expected to increase the company's housing order backlog, positively impacting future revenue stability.
The final contract has not yet been signed; additional disclosure will follow upon finalization.
[AI Summary]GS E&C secured a 338.2 billion KRW redevelopment project, strengthening its revenue base, but the contract constitutes only 2.72% of total sales, limiting short-term stock impact, and investors should monitor the final contract execution.