Taeyoung Engineering & Construction Wins KRW 218.3 Billion Road Construction Contract from LH, Boosting Revenue Prospects

Taeyoung Engineering & Construction has secured a KRW 218.3 billion contract from Korea Land and Housing Corporation LH for the Gwacheon Umyeonsan Urban Expressway relocation project. This represents approximately 10% of its 2025 consolidated revenue.
The project is scheduled from August 2026 to October 2031 with Taeyoung's stake at around 35%, providing a stable revenue stream over the next five years.
Payment will be made on a progress basis without advance payment. The counterparty LH is a state-run agency with low credit risk, ensuring reliable cash flows.
[AI Summary]This contract win demonstrates Taeyoung's competitiveness in civil engineering and positively impacts its mid-to-long-term profitability. Participation in a major national project strengthens financial stability and growth momentum.