Samsung C&T Corporation (028260) won a ₩2,115.4bn (~$1.51bn) construction contract to rebuild Special Planning Zone 4 of Seoul's Apgujeong apartment district, the company disclosed in a filing dated August 31.
The contract is with the Apgujeong Apartment District Special Planning Zone 4 Redevelopment Association, covering construction of apartment housing and ancillary welfare facilities. Construction runs 68 months from groundbreaking, with billing tied to construction progress and no advance payment specified.
Samsung C&T had flagged in a May 26 disclosure that it was pursuing work tied to this project; Monday's filing confirms the contract was signed the same day it was disclosed, August 31.
The contract equals 5.2% of Samsung C&T's ₩40,742.2bn FY2025 revenue and about 3.5% of its ₩61.1tn market capitalization.
The filing states the contract amount and construction period may still change as work proceeds, and that Samsung C&T will re-disclose if terms are revised.
The disclosed price of ₩2,115.4bn excludes value-added tax, per the filing.
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| Symbol | Last Price |
|---|---|
| 028260SAMSUNG C&T CORPORATION | ₩367,000 -1.3% |