Bankware Global Co., Ltd. KRW 16.1 billion core banking deposit system contract with a savings bank
BAI summary · Not investment advice
Bankware Global Co., Ltd. signed a KRW 16.1 billion contract with a savings bank to build the core part of its deposit system (25.32% of recent revenue).
Contract amount
KRW 16.1 billion
25.32% of recent revenue
Key facts
- Counterparty
- A savings bankSavings banking
- Contract details
- Deposit system build, core banking part
- % of revenue
- 25.32%
- Contract period
- Oct 12, 2026 – Dec 17, 2027
- Recent revenue
- KRW 63.4 billion2025, consolidated
- Contract date
- Oct 8, 2026
- Supply region
- South Korea
- Payment terms
- 30% advance after signing, 30% after design acceptance, 40% after final acceptance; each due within 30 days of billingAdvance payment included
Commentary
AI commentary · Not investment advice
What happened
Bankware Global signed a contract with a savings bank to build part of its deposit system. The work covers the core banking part, which processes the main transactions. The contract is worth KRW 16.1 billion, excluding VAT. Payment comes as 30% after signing, 30% after design acceptance and 40% after final acceptance. The amount and period may change as the project proceeds.
In the company's terms
The amount equals 25.32% of the company's recent revenue of KRW 63.4 billion (2025, consolidated). The company said it had no similar contract with this counterparty in the past three years.
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