Inswave Co., Ltd. KRW 3.5 billion order from SK Inc. for a savings bank federation next-generation system
IAI summary · Not investment advice
Inswave Co., Ltd. signed a KRW 3.5 billion contract with SK Inc. to build a next-generation system for a savings bank federation, equal to 8.89% of recent revenue.
Contract amount
KRW 3.5 billion
8.89% of recent revenue · excluding VAT
Key facts
- Contract details
- Next-generation system build for a savings bank federation (phase 3)Voluntary disclosure
- Recent revenue
- KRW 39.0 billion2025 consolidated
- % of revenue
- 8.89%
- Counterparty
- SK Inc.ICT business · similar contract in the past 3 years
- Supply region
- South Korea
- Contract period
- Oct 12, 2026 – Apr 30, 2028
- Contract date
- Oct 6, 2026Date of electronic signature
- Payment terms
- Paid by progress milestone after deliverable inspection, within the shorter of 15 days of client payment or 60 days of deliveryNo down payment or advance · progress payment method chosen
Commentary
AI commentary · Not investment advice
What happened
Inswave signed a contract with SK Inc. to build phase 3 of a next-generation system for a savings bank federation. The contract is worth KRW 3.5 billion, excluding VAT. Payment comes at each stage after deliverables are inspected. The company said it chose this method and takes no advance payment.
In the company's terms
The amount equals 8.89% of recent revenue (KRW 39.0 billion, 2025 consolidated). The company said it has carried out similar contracts with SK Inc. in the past three years.
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.10.152026.10.15 | LG CNS Co., Ltd. | KRW 8.9 billion | 22.86% |
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