Seohee Construction says settlement pact calls for surrendering Jinju Apartment rebuild contractor rights after full repayment of loans, construction receivables

• Seohee Construction issued a correction on Oct. 2, 2026 to its Jinju Apartment reconstruction supply contract disclosure.
• A settlement agreement was signed to reconcile loans and construction payments with the project association.
• The counterparty agreed to repay all outstanding loan and construction amounts; Seohee will relinquish construction rights once repaid.
• The agreement terminates automatically if HUG or project financing fails within three months or full payment is not made.

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. Seohee 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: 20261002900878), on October 02, 2026, and is solely responsible for the information contained therein.