Taesung Secures a 43.1498 Billion KRW Contract for PCB Automation Equipment

Taesung, a special-purpose machinery manufacturer listed on KOSDAQ since April 5, 2019, announced on July 8 a single-sale/supply contract for PCB automation equipment worth 43.1498 billion KRW, representing 11.4% of its recent 378.5924 billion KRW revenue. The undisclosed counterparty specializes in electronic component manufacturing and distribution, with the contract spanning from July 7, 2026, to January 24, 2028, exclusively in Vietnam. Payment terms include 90% due within 60 days of delivery and 10% upon final inspection. Taesung's stock closed at 34,950 KRW on July 8, down 3,400 KRW or 8.87% from the previous day. Recent financials show total assets of 172.5 billion KRW, liabilities of 44.5 billion KRW, and equity of 128.1 billion KRW, with revenue of 37.9 billion KRW and operating/ordinary losses of 2.5 billion KRW.