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Kumho Engineering Secures 113 Billion Won Building Construction Contract in South Korea

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Kumho Engineering & Construction (KRX:002990) secured a 113.39 billion won contract with SI Realty Co. to construct a new apartment complex at Incheon Yeongjong Haneul City, South Korea.

The construction and engineering services company said that the contract represents 5.62% of its latest annual sales, according to a Tuesday filing with the Korea Exchange.

The contract covers construction of 368 residential units with two underground levels and 20 above-ground floors, with a scheduled construction period of 36 months from the date of project financing execution.

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