Development and PermittingOfficial Source Text
Gimpo ICN11: DL E&C construction contract value and term amended
A November 3 KRX filing amended the existing ICN11 construction contract, commissioned by Digital Seoul 2 Ltd. and performed by DL E&C, to KRW 936,113,643,859 with a contract end date of October 28, 2028.
VERIFIED FACTS
Key points identified in the original text
016877-9 Gurae-dong, Gimpo · four basement levels and eight above-ground floors
02Initial contract signed May 12, 2025 · monthly progress-based payments
AI-DC KOREA ANALYSIS
Interpretation and the following points to verify
The amount excludes VAT. It amends the October 2 contract of KRW 657,448,735,562 ending September 18, 2028, and is neither total investment, project financing nor a new facility award. The stated 64MW IT load is planned, not current operating or available capacity. Contract value and term may change with progress; the end date does not establish completion approval or commercial operation.
PRIMARY EVIDENCE