Hyosung Heavy Industries Selected as Preferred Bidder for Seongnam-Seocho Expressway Project, Securing 194.8 Billion KRW Order to Drive Growth

Hyosung Heavy Industries has been selected as the preferred bidder for the Seongnam-Seocho Expressway private investment project under the BTO-a scheme, organized by the Ministry of Land, Infrastructure and Transport.
The total project cost is approximately 194.8 billion KRW, with Hyosung's 40% share valued at about 77.9 billion KRW, representing 3.26% of its 2025 consolidated revenue of 5.97 trillion KRW.
The construction period is 60 months from the start date, and final contract terms will be disclosed upon signing after credible negotiations with the Ministry.
[AI Summary]This development highlights growth through a large infrastructure order without capital dilution, and the government-backed counterparty minimizes governance risks, positively impacting shareholder value. However, investors should consider initial investment burdens and the long construction timeline.