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Kolon Global Bags KRW105 Billion Construction Project from Samsung Electronics; Shares Decline 3%

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Kolon Corporation's (KRX:002020) subsidiary Kolon Global (KRX:003070) secured an order worth 104.8 billion won for the Pyeongtaek P5 water purification plant (Phase 3) from Samsung Electronics (KRX:005930), according to a Thursday filing with the Korea Exchange.

The project is being disclosed after an amended contract raised its value above the applicable disclosure threshold. The initial contract was signed on June 9, 2025.

Shares of Kolon Corporation fell nearly 3% in recent trade, while those of Kolon Global added 1%. Shares of Samsung Electronics jumped 9% in Thursday morning trade.

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