Sambu Engineering wins appeal over public-sector bidding ban, updates disclosure

• Sambu Engineering & Construction issued a corrected disclosure on Oct. 1 on its suspension of transactions with a domestic public-sector customer.
• The correction reflects an appeals court ruling that canceled a one-year restriction on bidding for domestic public works tenders.
• The restriction had been set for May 29, 2024 to May 28, 2025, tied to alleged improper construction on an apartment project.
• Sales tied to the affected public-sector customer totaled KRW 132.75 billion, or 23.09% of 2023 consolidated revenue of KRW 574.98 billion.
• The disclosure notes the defendant’s appeal was dismissed; the company plans to seek a stay if a further appeal is filed.

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. Sambu 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: 20261001800732), on October 01, 2026, and is solely responsible for the information contained therein.