What happened
Soosan Industries updated a previously disclosed supply contract with Korea South-East Power, now worth US$34.1M, about 15.5% of its recent annual revenue, running through Mar 2027.
For context, this single contract equals about 15.5% of the company's most recent annual revenue.
| Counterparty | Korea South-East Power |
|---|---|
| Contract value | US$34.1M |
| vs. recent revenue | 15.5% |
| Through | Mar 2027 (from Oct 2016) |
| Filed | 2026-09-17, [Amended] Supply contract signed |
| Source | DART rcept 20260917800534 → open original filing |
Read the full filing in English
Suzan Industry / Single Sales and Supply Contract Execution / (2026.09.17) Single Sales and Supply Contract Execution Correction Report
Correction Date: 2026-09-17
1. Disclosure Document Subject to Correction Single Sales and Supply Contract Execution
2. Submission Date of Disclosure Document Subject to Correction 2026-09-01
3. Reason for Correction Correction due to receipt of contract extension official notice
4. Correction Items Item | Before Correction | After Correction Contract Period End Date | 2026-09-30 | 2027-03-31
- Single Sales and Supply Contract Execution
1. Sales and Supply Contract Classification Construction Contract Award
- Contract Name Yeongheung Headquarters Units 1 and 2 Boiler Equipment Routine Maintenance Construction
2. Contract Details Contract Amount (KRW): 47,059,885,169 Recent Sales (KRW): 303,539,437,938 Percentage of Sales (%): 15.50 Large Corporation Status: Not Applicable
3. Contracting Party Korea South-East Power Co., Ltd. - Relationship with Company: -
4. Sales and Supply Area Yeongheung Power Generation Headquarters
5. Contract Period Start Date: 2016-10-01 End Date: 2027-03-31
6. Major Contract Terms Contract Deposit/Advance Payment: None Payment Terms: Progress billing claim conditions
7. Contract (Award) Date 2023-10-06
8. Disclosure Reservation Reservation Reason: - Reservation Period: -
9. Other Material Matters Related to Investment Decisions - The original contract was executed prior to KOSPI listing and had no disclosure obligation; however, disclosure obligation for current reports arose as contract modifications proceeded following listing. - The contract amount above includes value-added tax, and recent sales are based on the 2022 consolidated financial statements. - The contract is a joint procurement project. The contract amount is calculated by applying a 39% procurement ratio to 120,666,372,228 KRW (total contract amount of 120,725,044,000 KRW minus safety management fee of 58,671,772 KRW). - The contract amount, period, and other terms may change depending on construction progress.
※ Related Disclosures 2023-10-06 Single Sales and Supply Contract Execution 2024-03-26 Single Sales and Supply Contract Execution 2024-06-04 Single Sales and Supply Contract Execution 2024-08-20 Single Sales and Supply Contract Execution 2025-03-26 Single Sales and Supply Contract Execution 2025-04-23 Single Sales and Supply Contract Execution 2025-09-25 Single Sales and Supply Contract Execution 2025-12-10 Single Sales and Supply Contract Execution 2026-03-12 Single Sales and Supply Contract Execution 2026-09-01 Single Sales and Supply Contract Execution
Source: DART. Information only, not investment advice.