What happened
GS Engineering & Construction updated a previously disclosed supply contract with Shinyoung Real Estate Trust Co., Ltd., now worth US$477M, about 5.11% of its recent annual revenue, running through Oct 2030.
For context, this single contract equals about 5.11% of the company's most recent annual revenue.
| Counterparty | Shinyoung Real Estate Trust Co., Ltd. |
|---|---|
| Contract value | US$477M |
| vs. recent revenue | 5.11% |
| Through | Oct 2030 (from Aug 2026) |
| Filed | 2026-09-18, [Amended] Supply contract signed |
| Source | DART rcept 20260918800131 → open original filing |
Read the full filing in English
GS Construction / Single Sales and Supply Contract Execution / (2026.09.18) Single Sales and Supply Contract Execution Correction Report
Correction Date: 2026-09-18
1. Disclosure Document Subject to Correction Single Sales and Supply Contract Execution
2. Submission Date of Disclosure Document Subject to Correction 2026-09-18
3. Reason for Correction Simple clerical error
4. Correction Details Correction Item | Before Correction | After Correction | Correction Date: 2026-09-03 | 2026-09-18
Single Sales and Supply Contract Execution
1. Classification of Sales and Supply Contract Construction Contract Award
2. Contract Name Mixed-use Facility New Construction Project at Mokdong 924, Yangcheon-gu, Seoul and 2 Additional Parcels
3. Contract Details Contract Amount (KRW): 657,588,000,000 Recent Sales (KRW): 12,863,811,468,386 Percentage of Sales (%): 5.11 Large Corporation Status: Applicable
4. Contracting Party ShinYoung Real Estate Trust Co., Ltd. Relationship with Company: -
5. Sales and Supply Region Mokdong 924, Yangcheon-gu, Seoul and 2 Additional Parcels
6. Contract Period Start Date: 2026-08-01 End Date: 2030-10-31
7. Principal Contract Terms Downpayment and Advance Payment: None Payment Terms: Progress billing
8. Contract (Award) Date 2025-10-24
9. Disclosure Reservation Reservation Reason: - Reservation Period: -
10. Other Material Matters Related to Investment Decisions 1) The contract amount in Section 2 above is exclusive of VAT. 2) The recent sales amount in Section 2 above is based on the consolidated financial statements as of the end of 2024. 3) The contract period in Section 5 above is 51 months from August 1, 2026. 4) Project Overview: This is a construction project to build 651 officetel units across 3 buildings (B6F to 48F) along with ancillary facilities, neighborhood facilities, and public service facilities at Mokdong 924, Yangcheon-gu, Seoul and 2 additional parcels. 5) The contract amount, construction period, and other terms may be subject to change according to the conditions of the construction contract agreement.
※ Related Disclosure: 2025-10-27 Single Sales and Supply Contract Execution
Source: DART. Information only, not investment advice.