Namkwang Engineering & Construction Raises Saemangeum Contract Value to KRW 103.5 Billion

• Namkwang Engineering & Construction revised its Saemangeum Smart Waterfront City phase-one contract to KRW 103.5 billion from KRW 99.54 billion on Nov. 2, 2026.
• The revised value represents 22.98% of 2022 consolidated revenue, up from 22.1%.
• Total project value, including VAT, increased to KRW 206.06 billion from KRW 198.66 billion.
• The contract with Saemangeum Development runs from May 15, 2023, through Dec. 31, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Namkwang Engineering & Construction Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261102800711), on November 02, 2026, and is solely responsible for the information contained therein.