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KUMHO Engineering & Construction Lands KRW127.9 Billion Pangyo Techno Valley Development Contract

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Kumho Engineering & Construction (KRX:002990) secured a 3rd Pangyo Techno Valley mixed-use development contract from Gyeonggi Housing & Urban Development, worth 127.9 billion won, according to a filing with the Korean Exchange on Friday.

The contract is for the construction of a mixed-use commercial complex, comprising a knowledge industry center, offices, and dormitories, the filing said.

Total contract amount is 1.421 trillion won, in line with the company's 9% execution stake within the assigned building consortium.

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