GS Construction Secures 571.6 Billion Won Contract for Composite Facility Construction in Yongsan District's Mundeok Business Zone

GS Construction (006360) announced on July 16 that it has secured a contract for the development of a composite facility in the special plan area 2-1 of the Mundeok Business Zone in Seoul Yongsan District. The counterparty is DS Dae Sanho, with a contract value of 571.67689 billion won (excluding VAT). This represents 4.59% of GS Construction's recent consolidated revenue of 12.4503 trillion won. The contract date is July 15, 2026. The construction site covers the area of 44-7, Yanghyo-ro 1-ga, Yongsan District, Seoul, and will include 4 residential buildings, 2 office buildings, 1 business facility, and sales spaces spanning 8 floors underground to 39 floors above ground. The contract period is 54 months from the start of construction, with payment terms based on progress billing. The contract amount and duration may vary depending on the terms of the construction contract. As of GS Construction's December 2025 consolidated financials, total assets are 18.4598 trillion won, total liabilities 12.9363 trillion won, and equity 5.5236 trillion won. Revenue reached 12.4503 trillion won, with operating profit of 437.8 billion won and net profit of 93.4 billion won. GS Construction, listed on KOSPI since August 3, 1981, operates in the construction industry. According to stock market data, its share price was 27,400 won at 10:20 AM on July 16, 2026, down 1,350 won (-4.7%) from the previous day.