ILSUNG CONSTRUCTION secures KRW 45.1 billion construction and communication contract from Samsung Electronics for Pyeongtaek 2nd complex, representing approximately 10% of annual revenue
ILSUNG CONSTRUCTION has signed a contract with Samsung Electronics for the construction and communication work of the auxiliary buildings in Pyeongtaek 2nd complex worth KRW 45.1 billion.
The contract amount represents approximately 9.96% of the company's consolidated revenue of KRW 452.7 billion as of end-2025. Construction period is from July 2026 to October 2027.
The counterparty is Samsung Electronics, a top-tier global company with very low credit risk.
Contract terms may vary depending on the client's budget and other conditions. No advance payment; payments are made upon progress.
[AI Summary]ILSUNG CONSTRUCTION secured a KRW 45.1 billion construction contract from Samsung Electronics, providing a significant revenue boost equivalent to nearly 10% of annual sales. The high-credibility counterparty reduces counterparty risk and enhances the company's reputation.