WebCash Signs 8.7 Billion Won Digital Banking Rebuilding Contract with IBK System, Representing 11.7% of Annual Revenue
WebCash Corporation entered into a supply contract with IBK System for the IBK Digital Banking Rebuilding Phase 1 project. The contract amount is 8,722,500,000 KRW, equivalent to 11.73% of its 2025 annual revenue of 74,362,089,745 KRW.
The contract period runs from July 20, 2026 to July 20, 2027, and will be executed through outsourcing. Payment terms consist of 46.5% progress payment and 53.5% final payment.
IBK System, a subsidiary of Industrial Bank of Korea, is a highly credible counterparty, ensuring transaction stability.
[AI Summary]This contract represents a significant order in WebCash's core digital banking business, expected to contribute to revenue growth. There is no capital dilution or financing risk, and the counterparty's strong credit profile lowers default risk. The stock price may see a positive impact.