HJ Shipbuilding and Construction Corrects Busan Opera House Contract Upward by 22.5%, Securing 9.25% of Revenue

HJ Shipbuilding and Construction filed a correction disclosure on June 18, 2026, increasing the contract amount for the Busan Opera House construction project by 22.5% from 185.3 billion KRW to 226.9 billion KRW.
The increase results from a change order, and the revised contract value represents 9.25% of the company's 2017 consolidated revenue. The counterparty is the Public Procurement Service of Busan Metropolitan City, a highly credible government entity.
The project began in May 2018 and is scheduled to complete by end of December 2026, with contract deposits and advance payments included.
[AI Summary]While the contract increase positively impacts revenue visibility, the lack of equity capital changes or governance shifts limits direct stock price impact. The high creditworthiness of the counterparty mitigates risk.