Hyosung Heavy Industries Wins KRW 542.8 Billion Redevelopment Contract, Boosting Sales Outlook
Subsidiary Hyosung Heavy Industries has successfully won a contract for an urban redevelopment project in Dapsimni-dong, Dongdaemun-gu, Seoul.
The contract value is approximately KRW 542.8 billion, representing 9.09% of Hyosung Heavy Industries' 2025 consolidated sales.
The construction period is 57 months from the actual start date, with payment to be made from sales proceeds of the development.
This order is expected to contribute to increased sales and stable profit generation in Hyosung Heavy Industries' construction division.
[AI Summary]Hyosung Heavy Industries' large redevelopment contract win positively impacts its sales base and profitability. Securing a contract exceeding 9% of sales provides stable workload for years. However, the counterparty is a redevelopment association with lower creditworthiness, requiring monitoring of payment risk.
KOSPI Filing Information
Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)