iPark Hyundai Development Raises Yeongtong Reconstruction Contract Value to KRW 450.08 Billion

• iPark Hyundai Development raised its Yeongtong District 2 redevelopment contract to 450.08 billion won from 319.34 billion won in a Nov. 5, 2026 correction.
• The revised contract represents 13.4% of 2021 revenue, up from 9.5%.
• Construction will take 42 months from groundbreaking, versus 36 months previously.
• The revised project comprises 3,737 apartments across 29 buildings, down from 4,002 apartments across 31 buildings.

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. iPark Hyundai Development Co. 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: 20261105800394), on November 05, 2026, and is solely responsible for the information contained therein.