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Development Advance Secures KRW18.2 Billion Construction Contract

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Development Advance Solution (KRX:058730) secured an 18.2 billion won construction contract for earthworks, paving, and structural works for the Daegu Grand Park Beoman-ro Soundproof Tunnel Construction Project in South Korea.

The contract is with a consortium of five companies, including Hanyang Construction, Seonghwa General Construction, Shinsung General Construction, Yunsung General Construction, and Youngjin Construction, according to a Wednesday filing with the Korea Exchange.

The project work is scheduled between Aug. 10, 2026, and Aug. 4, 2028, with the payments to be made after progress claims.

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