ILSUNG Construction Says Client Cancels 47.9 Billion Won Housing Contract

Bitget2026/11/03 08:04

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ILSUNG Construction’s KRW 47.9 billion contract for the Sosabon-dong 223-1 housing redevelopment project was terminated on Aug. 12, 2026.
The project association notified termination of the construction contract, originally signed March 6, 2024.
The terminated contract represented 10.58% of fiscal 2025 consolidated revenue, versus 10.35% of fiscal 2022 revenue.
No financial loss resulted from the contract.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ILSUNG Construction Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261103800525), on November 03, 2026, and is solely responsible for the information contained therein.

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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ILSUNG Construction Says Client Cancels 47.9 Billion Won Housing Contract

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