HJ Shipbuilding & Construction Corrects Boryeong New Combined Cycle Unit 1 Contract, Up 3 Billion KRW; Negligible Impact

HJ Shipbuilding & Construction corrected its earlier disclosure to reflect a change order for the Boryeong New Combined Cycle Unit 1 construction contract with Korea Midland Power, increasing the contract amount by approximately 3 billion KRW from 238.1 billion to 241.1 billion KRW.
The increase represents only 1.26% of the total contract value and 0.17% of market capitalization, resulting in negligible financial impact.
The counterparty is state-owned Korea Midland Power, implying low credit risk, and the contract adjustment is routine in large construction projects.
[AI Summary]This correction involves a minor contract value increase and does not alter the company's financial outlook or stock valuation. The disclosure confirms ongoing project stability but offers no material catalyst for investors.