Samsung C&T's 1.83 Trillion Won Project Is a Construction Selection, Not Yet a Contract
Samsung C&T disclosed being chosen to build a 1.8275 trillion won Seoul redevelopment project -- 4.49% of its FY2025 revenue. The filing itself says the amount can still change and the actual contract has not been signed.
AI-assisted, human-reviewed sourcing. Figures are pulled programmatically from the official sources listed at the end of this article and checked by an editor before publication.
dartconstructionkoreadisclosureredevelopment
Samsung C&T (KOSPI: 028260) filed a disclosure with Korea’s Financial Supervisory Service on 21 September, 2026, saying its general assembly selection as builder for a Seoul redevelopment project carries an expected value of roughly 1.83 trillion won — 4.49% of the company’s most recent annual revenue. The filing itself, though, is explicit that this number is not final and that no contract has been signed yet.
What the filing actually says
| Field | Value |
|---|---|
| Project | Seongsu Strategic Redevelopment Zone No. 3, Seoul |
| Selection date (cooperative general assembly) | 19 September 2026 |
| Expected construction amount | ₩1,827,500,000,000 (excl. VAT) |
| Share of FY2025 consolidated revenue | 4.49% |
| Contract signed? | Not yet, per the filing |
We checked the revenue figure independently against DART’s own financial-statement API: Samsung C&T’s FY2025 (fiscal year 62) consolidated revenue was 40,742,240,967,149 won. Dividing the expected project amount by that figure gives 4.49% — an exact match to the filing’s stated ratio.
Selection is not a signature
Korean disclosure rules require companies to report a “material management matter” like this one as soon as a general assembly names a builder, well before a formal construction contract is negotiated and signed. The filing spells out the gap in its own text: the stated amount excludes value-added tax, it “may change,” and Samsung C&T says it will disclose the confirmed contract separately once one is actually signed.
That is a different category of disclosure from a signed construction contract with fixed start and end dates, and it is worth naming the difference plainly: today’s filing tells readers a company was picked, and roughly how large the eventual job might be, not that a binding agreement now exists at that price. Both kinds of filings are routine and neither is a red flag by itself – the distinction matters only for anyone reading the headline figure as if it were already contracted.
This is not investment advice. Figures are drawn from an official regulatory filing and are presented for data-quality reporting, not as a trading signal.
Data & Verification Notes
- Data as of
- Sources
- Financial Services Commission (Republic of Korea) / DART — Corporate Disclosure Information Open API — material management matter related to investment judgment, 21 September 2026 (rcept_no 20260921800004)
- Cross-checks
- The 21 September DART filing states Samsung C&T (KOSPI: 028260) was selected as the builder for the 'Seongsu Strategic Redevelopment Zone No. 3' housing redevelopment project in Seongsu 2-ga, Seongdong-gu, Seoul, at a general assembly of the redevelopment cooperative held 19 September 2026.
- The filing gives an expected construction amount of approximately 1,827,500,000,000 won and states this equals 4.49% of the company's FY2025 consolidated revenue. We independently verified the underlying revenue figure via DART's financial-statement API: 40,742,240,967,149 won for fiscal year 2025 (제62기) -- 1.8275tn / 40.74tn = 4.49%, matching the filing's own math exactly.
- The filing explicitly states, in its own words: the amount excludes VAT, the amount 'may change,' and the confirmed details will be separately disclosed 'at the time the actual contract is signed' -- this is a builder-selection disclosure, not a signed-contract disclosure.
- Excluded figures
- Any prediction of whether the final contract, once signed, will match this amount -- the filing itself flags that it may not.
- A timeline for when the actual contract will be signed or when construction would start -- today's filing gives neither.
- Any comparison to Samsung C&T's other current projects or order backlog -- this article covers one filing.
- The cooperative's own readiness (financing, member approval, permits) to proceed to a signed contract -- that is not disclosed in this filing.
- Instruments
- 028260.KS
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