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KRX:003070

13 stories mentioning KRX:003070Updated 9d ago

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Asia

Kolon Global Bags KRW104.6 Billion Seoul Housing Project

Kolon Global (KRX:003070) secured a construction order to build 314 apartment units and associated amenities in the area of ​​1-4 Myeonmok-dong, Seoul, according to a Tuesday filing on the Hong Kong Stock Exchange.The contract with the Street-Housing Improvement Project Association for the Area of ​​1-4 Myeonmok-dong is valued at 104.6 billion won.The contract period runs for 33 months from the actual start of construction, the filing said.

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Asia

Kolon Global Faces Partial Work Suspension After Construction Fatality

Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) has been issued a partial work suspension order following a fatal accident at its Cheongju Dongnam public housing construction site, according to a bourse filing on Monday.The work stoppage follows an industrial accident on Aug. 11, where a worker suffered a fatal fall during the dismantling of safety railings to install vertical safety nets.South Korean police and the Ministry of Employment and Labor plan to carry out on-site investigations and establish prevention measures.

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Asia

Kolon Global Approves KRW50.2 Billion Debt Guarantee for The Partners, The City

Kolon Global (KRX:003070) has agreed to provide a 50.2 billion won debt guarantee for The Partners and The City to fund the Sejong 6-4 residential complex construction project in South Korea, according to a Thursday filing with the Korean Exchange.The South Korean construction company said the guarantee, which represents 7.33% of its equity capital at the end of 2025, will cover borrowings from KIS PF Third Co. and will run between Aug. 25, 2026, and Feb. 25, 2027, or until the debt is fully repaid, the filing said.The agreement includes a loan maturity extension and an amended project-finance agreement.

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Asia

South Korean Shares Close Sharply Higher on Strong Shareholder Return Hopes from Chipmakers

South Korean shares closed sharply higher on Thursday after two consecutive days of losses, with the primary index climbing 6% after investors pinned high hopes on strong shareholder returns from Samsung Electronics (KRX:005930) and SK hynix (KRX:000660).Investor hopes came after SK Hynix on Wednesday approved a 40 trillion won share repurchase and cancellation plan. The buyback is set to begin Aug. 20 and run for about three months. Samsung Electronics' shareholder return policy is expected to be announced later in August. Shares of SK Hynix and Samsung Electronics added nearly 13% and over 9%, respectively, at market close.The Korea Composite Stock Price Index, or Kospi, increased by 381.41 points, or 5.9%, to close at 6,852.58. The Kosdaq also rose by 16.43 points, or 2%, to close at 840.89.In corporate news, 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, 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 over 3% at market close, while those of Kolon Global added 2%.In other news, Kakao Corp. (KRX:035720) subsidiary and taxi-hailing and mobility platform Kakao Mobility has confidentially filed for an initial public offering in the U.S. in June and seeks to raise about $1 billion, Yonhap News reported Thursday, citing a financial market tracker.Bank of America, Morgan Stanley, and UBS are listed as underwriters for the IPO, the report said.Kakao Mobility did not immediately respond to' request for comment.Shares of Kakao Corp. added over 3% at market close.

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Asia

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

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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Asia

Kolon Global Bags KRW218 Billion Construction Project

Kolon Corp.'s (KRX:002020) subsidiary, Kolon Global (KRX:003070), secured an order worth 218.3 billion won for the Ansan Hyundai 1st Apartment reconstruction project in Gyeonggi Province.The project involves the construction of 673 residential units and ancillary facilities.Construction is expected to last 40 months, though the timeline and contract value remain subject to change based on project progress, according to a bourse filing on Tuesday.

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Asia

Kolon Global Receives Termination Notice on Busan Hadan 1 District Project

Kolon Global (KRX:003070) has received a contract termination for a reconstruction and maintenance project in the Busan Hadan 1 district, according to a Thursday filing with the Korea Exchange.The terminated contract amounted to about 116.79 billion won.The construction company will take action after doing a legal review on the matter.Shares of the company were up nearly 3% in recent trade.

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Asia

Kolon Global Bags KRW233.1 Billion Urban Railway Contract

Kolon Global (KRX:003070) secured a 233.1 billion won contract to build Section 2 of Daegu Urban Railway Line 4 (EXCO line), according to a filing with the Korean Exchange on Wednesday.The contract value, including value added tax, represents the firm's 53.66% share of the project, which has a total construction value of 434.6 billion won. The project has a construction period of 1,825 days from the start date of Aug. 11, 2025.Shares of Kolon Global fell nearly 2% at market close.

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Asia

Kolon Unit Wins KRW126.5 Billion Yongin Semiconductor Industrial Complex Water Supply Project

Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured the phase one, section two construction of the integrated water supply project for the Yongin semiconductor industrial complex, according to a Monday filing with the Korea Exchange.The project is valued at 126.45 billion won.Shares of Kolon plunged nearly 7%, while those of Kolon Global declined over 1% in recent trade.

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Asia

Kolon Global Bags KRW103.5 Billion Apartment Redevelopment Contract; Shares Up 6%

Kolon Global (KRX:003070) secured a 103.5 billion won contract to build 255 apartment units and other facilities in Seoul, South Korea, according to a filing with the Korean Exchange on Thursday.The contract will be paid via sales proceeds generated by the redevelopment project and is expected to conclude within 40 months.Shares of Kolon Global rose 6% in recent trading.

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Asia

South Korean Shares Close Higher for Fifth Day on Chip Stock Gains

South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.

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Asia

Kolon Global to Build 501 Apartment Units in Gyeonggi-do, South Korea

Kolon Global (KRX:003070) won a contract for the Gunpo 3 District redevelopment project, according to a Tuesday filing with the Korea Exchange.Korea Trust awarded the 164.4 billion won contract, the filing said.The project involves the construction of 501 apartment units and auxiliary welfare facilities in the area around 738 Dang-dong, Gunpo-si, Gyeonggi-do.The construction period is 35 months from the actual commencement date of construction.Shares of the company fell 1% in recent trade.

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Asia

Kolon Global Returns to Profit in Q1; Shares Decline 4%

Kolon Global (KRX:003070) posted first-quarter net income of 11.5 billion won, compared with a net loss of 34.8 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean construction engineering company's sales fell 2% to 631.2 billion won from 644 billion won.Shares of Kolon Global fell nearly 4% in recent trade.

KRX:003070

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