Wavus Wins KRW7.14 Billion LH IT Infrastructure Maintenance Contract

MT Newswires Live

2025/12/18

Wavus (KOSDAQ:A336060) signed a 7.14 billion won contract to provide information infrastructure maintenance services for Korea Land and Housing Corp. (LH) from January 2026 through December 2028, according to a Thursday filing on the Korea Exchange (KRX).

The deal, which covers domestic operations, represents about 12.7% of the company's consolidated sales in the latest fiscal year. Payments will be made every 30 days based on work completed.

The project will be carried out by a consortium. The disclosed contract value reflects Wavus' 20% share of the total project amount, excluding value-added tax. Wavus said it has worked with LH on similar contracts over the past three years.

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