Namkwang Engineering cuts contract value for Gangwon road project to 29,844,078,000 won
Bitget2026/09/30 00:57- Namkwang Engineering corrected a previously disclosed construction contract for a road expansion project in Gangwon province due to a change order.
- Contract value revised to KRW 29.84 billion from KRW 29.97 billion; equivalent to 18.99% of 2018 consolidated revenue.
- Total project value adjusted to KRW 58.52 billion; Namkwang’s share remains 51%, VAT included.
- Project runs from Oct. 30, 2019 to Oct. 2, 2026; counterparty is Korea’s Public Procurement Service for Gangwon province.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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