The amended Gumi natural-gas power plant contract increases from ₩369,943,802,758 to ₩372,266,838,673. The revised value equals 18.03% of ₩2,065,076,215,393 in revenue, up from 17.91%. The contract is also large relative to Kumho Engineering & Construction's current market capitalization. The filing says the amount and schedule may change again.
Kumho E&C raised its share of a Seoul Metro Line 7 extension contract to ₩167.90 billion from ₩131.61 billion. The 27.6% increase reflects a higher construction participation share of 80.369%, up from 63%. The revised amount equals 9.18% of 2020 consolidated revenue. The 2.343-kilometer section in Incheon is scheduled to finish on October 17, 2027. The price and schedule may still change with design or project conditions.
Kumho E&C moved its Gumi gas-fired power plant contract's end to September 30, 2026 from September 11. The unchanged ₩369.9bn value equals 17.91% of FY2021 consolidated revenue. Korea Western Power is the customer for the 500MW plant. Payments follow construction progress without an advance. Design changes or other project conditions can alter cost and timing.
Kumho E&C raised its Gongju gas power plant contract from ₩181.73bn to ₩184.52bn. The value equals 9.01% of FY2022 consolidated revenue. Korea Western Power is the customer for the 500MW plant. Construction runs through April 30, 2027. Payments follow progress without an advance. Design changes or project conditions may cause further revisions.
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|---|---|
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| 035890Seohee Construction Co., Ltd. | ₩2,325 +2.6% |