SEONDO ELECTRIC CO.,LTD KRW 4.4 billion switchgear order for Honam high-speed rail substations
SAI summary · Not investment advice
SEONDO ELECTRIC CO.,LTD signed a KRW 4.4 billion contract with the national rail authority for gas-insulated switchgear (11.40% of recent revenue).
Contract amount
KRW 4.4 billion
11.40% of recent revenue · excluding VAT
Key facts
- Contract details
- Manufacture and installation of 72.5kV gas-insulated switchgear for substations on phase 2 of the Honam high-speed railway (Gomakwon-Mokpo)
- Recent revenue
- KRW 38.2 billion2025, consolidated
- % of revenue
- 11.40%
- Counterparty
- Korea's national rail authority
- Supply region
- Nam-gu, Jeonju-Gwangju
- Contract period
- Oct 1, 2026 – Oct 31, 2028May change with progress
- Contract date
- Oct 1, 2026
Commentary
AI commentary · Not investment advice
What happened
Seondo Electric signed a KRW 4.4 billion contract with Korea's national rail authority. It will make and install 72.5kV gas-insulated switchgear for substations on phase 2 of the Honam high-speed railway (Gomakwon-Mokpo). The amount excludes VAT. Orders will be placed in rounds as the project moves on. The amount and term may change with progress.
In the company's terms
The amount equals 11.40% of recent revenue (KRW 38.2 billion, 2025, consolidated). There is no down payment or advance payment.
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.11.022026.11.02 | Korea Rail Network Authority | KRW 6.3 billion | 16.61% |
| 26.10.262026.10.26 | KEPCO | KRW 2.4 billion | 6.21% |
| 26.10.072026.10.07 | A state power utility | KRW 3.7 billion | 9.61% |
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