Injunction Granted for 984.9 Billion Won Redevelopment Contract, Contractor Status Temporarily Restored
- DL E&C received a unilateral termination notice on April 11, 2026, from the union for the Sangdaewon 2 district redevelopment project (contract value approx. 984.9 billion won, 13.3% of 2025 revenue).
- DL E&C's preliminary injunction request to suspend the effect of the termination and the general meeting resolution was granted by the court on April 29, 2026, temporarily restoring its contractor status.
- DL E&C plans to pursue further legal actions, including a main lawsuit to confirm its contractor status.
- The contract is a major revenue source; its termination would have negatively impacted earnings, but the injunction temporarily mitigates the risk.
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KOSPI Filing Information
- Filing: [Correction of Description] Termination of Single Sale and Supply Contract
- Company: DL E&C (375500)
- Submission: DL E&C CO.,LTD.
- Receipt: 04-29-2026
- Under KRX KOSPI Market Division