Ilsung Construction Awarded KRW45 Billion Construction Contract by Samsung Electronics

MT Newswires Live
07/06

Ilsung Construction (KRX:013360) received a construction order totaling 45.1 billion won from Samsung Electronics (KRX:005930), according to a Monday filing with the Korean Exchange.

The project entails the construction and telecommunications work for auxiliary buildings at Samsung Electronics Pyeongtaek Campus Phase 2. The construction period, contract amount, and other details may be subject to change.

Shares of Ilsung Construction jumped nearly 30% at market close, while those of Samsung Electronics added 3%.

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