Hyosung Selected as Preferred Negotiator for Seongnam-Seocho Expressway Project with Estimated Project Cost of Approximately 194.9 Billion KRW
Hyosung's subsidiary Hyosung Heavy Industries has been selected as the preferred negotiator for the Seongnam-Seocho Expressway private investment project overseen by the Ministry of Land, Infrastructure and Transport.
The total estimated project cost is approximately 194.9 billion KRW, with Hyosung Heavy Industries expected to participate with a 40% stake equivalent to about 77.9 billion KRW. This accounts for 3.26% of its 2025 consolidated sales of 5.97 trillion KRW.
The construction period is 60 months from commencement, and finalized details will be disclosed upon contract signing.
[AI Summary]This project is expected to drive growth in Hyosung's infrastructure segment, with no capital changes or shareholder return events. The selection as preferred negotiator for a national project ensures high stability and long-term earnings contribution.
KOSPI Filing Information
Major Management Matters Related to Investment Decision (Major Management Matters of Subsidiary)