Dongbu Corporation Wins KRW 194.6 Billion Highway Construction Contract from Korea Expressway Corporation
Dongbu Corporation has secured a contract from Korea Expressway Corporation for the second section of the Jecheon-Yeongwol Expressway construction, valued at KRW 194.6 billion, representing 11.06% of its recent consolidated revenue.
The contract period runs from July 2026 to April 2032, approximately 2,100 days, with progress payments and no advance payment. The contract amount and duration may change based on site conditions.
This award strengthens Dongbu's growth foundation, as participation in a large national infrastructure project is expected to contribute to profitability improvement.
[AI Summary]The highway construction contract with Korea Expressway Corporation provides a catalyst for new revenue generation and financial stability, while enhancing the company's credibility through a public sector order.