A Thursday filing raised KUMHO Engineering & Construction Co., Ltd.'s (002990) Gumi gas plant contract to ₩372,266,838,673. The amended amount increased from ₩369,943,802,758 after the parties signed a revised construction contract for the project.
The customer is Korea Western Power, a subsidiary of Korea Electric Power Corporation (015760), and payments follow construction progress. The project covers a 500-megawatt natural gas power plant in Gumi's High Tech Valley industrial complex in North Gyeongsang.
The construction period runs from 4 October 2022 through 30 September 2026 and the contract amount includes value-added tax. The company's market capitalisation was ₩0.6 trillion at Friday's close.
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| Symbol | Last Price |
|---|---|
| 002990KUMHO Engineering & Construction Co., Ltd. | ₩16,090 -2.5% |
| 015760Korea Electric Power Corporation | ₩32,150 -0.9% |