Hyosung Heavy Industries Cuts Statnett Supply Contract Value to NOK 968.51 Million

• Hyosung Heavy Industries cut its Statnett transformer supply contract to KRW 113.04 billion from KRW 113.59 billion in an October 26 correction.
• The 2026 revision reflects changes to some contract specifications.
• The revised value represents 3.22% of revenue, down from 3.24%.
• The contract covers 420kV transformers for Norway, running from November 8, 2023, to May 31, 2028.

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. Hyosung Heavy Industries Corporation 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: 20261027800518), on October 27, 2026, and is solely responsible for the information contained therein.