IPARK Hyundai Development Wins 585.2 Billion Won Public Redevelopment Contract, Boosting Revenue Outlook

IPARK Hyundai Development has been selected as the contractor for the TaePyeong3 district public redevelopment project, with a projected contract amount of 585.2 billion KRW.
This amount represents the company's 65% share of the total 900.3 billion KRW project cost, excluding VAT, and will be finalized upon the main contract signing.
The contract size corresponds to 14.1% of the company's 2025 annual revenue of 4,147 billion KRW, providing a stable revenue base for the coming years.
[AI Summary]IPARK Hyundai Development secured a 585.2 billion KRW contract through the TaePyeong3 public redevelopment win, equating to 14.1% of its 2025 revenue. This major project supports mid-to-long term earnings growth. No capital changes or shareholder returns were disclosed.