Slight Increase in Contract Amount for Incheon Yonghyeon·Hakik Urban Development Project to 1.07 Trillion Won
- Hyundai Engineering & Construction adjusted the contract amount for the Incheon Yonghyeon·Hakik Block 1 urban development project with DCR E Co., Ltd. from 1.0644 trillion won to 1.0656 trillion won, an increase of 11.2 billion won (based on Hyundai's 30% stake, excluding VAT).
- Project overview: Site development on 1,546,747㎡ in Hakik-dong, Nam-gu, Incheon, including construction of 10,289 apartment units, 1,532 officetel units, and ancillary facilities.
- Financial impact: Contract amount represents 6.37% of revenue (2018 consolidated). Payment terms: no down payment or advance; progress billings as work proceeds.
- Contract period: Start date April 13, 2020; end date undetermined (to be confirmed upon commencement of final phase). Subject to change based on project conditions.
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KOSPI Filing Information
- Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
- Company: HYUNDAI ENGINEERING & CONSTRUCTION (000720)
- Submission: HYUNDAI ENGINEERING & CONSTRUCTION CO.,LTD
- Receipt: 04-29-2026
- Under KRX KOSPI Market Division