Kolon Global, 841Samsung Pyeongtaek Campus ancillary building construction contract awarded

Kolon Global disclosed on 9 that it had won the construction contract for an ancillary building at Samsung Electronics’ Pyeongtaek Campus 2complex 841for billion won. The contract amount excludes value-added tax.

The contract is titled ‘Pyeongtaek 2 complex ancillary building group 1 construction.’ The construction site is a plot near the office 2 building of the 6 complex, where an ancillary building will be constructed.

The company said the contract value represents 2 trillion 6844 hundred million won, or 3.13% of Kolon Global’s revenue last year. The statement of the proportion relative to revenue is reproduced exactly as written in the disclosure.

The construction period was presented as running from this day, the commencement date, 2027 years 12 months31 through the day, for approximately 18 months. The scheduled completion date and period are as stated in the disclosure.

A Kolon Global official said that the contract amount, contract period and commencement date may change depending on the progress of the construction in the future. The company's explanation is conveyed exactly as stated in the disclosure.

This is a single construction contract with Samsung Electronics as the ordering party. Additional details or changes can be confirmed through the company's future disclosures.