Inswave Co., Ltd. KRW 8.9 billion MG Saemaul Geumgo core banking system deal with LG CNS
IAI summary · Not investment advice
Inswave Co., Ltd. signed a KRW 8.9 billion contract with LG CNS Co., Ltd. for the MG Saemaul Geumgo core banking system upgrade (22.86% of recent revenue).
Contract amount
KRW 8.9 billion
22.86% of recent revenue; excluding VAT
Key facts
- Contract details
- MG Saemaul Geumgo core banking system upgrade
- Recent revenue
- KRW 39.0 billionConsolidated, 2025
- % of revenue
- 22.86%
- Counterparty
- LG CNS Co., Ltd.
- Contract period
- Oct 15, 2026 – Jan 31, 2029
- Contract date
- Oct 14, 2026
- Supply region
- South Korea
- Payment terms
- Full payment after final inspectionTerms under renegotiation; an amendment will follow once settled
Commentary
AI commentary · Not investment advice
What happened
Inswave signed a contract with LG CNS for the MG Saemaul Geumgo core banking system upgrade. A core banking system handles deposits, loans and other transactions. The contract is worth KRW 8.9 billion, excluding VAT. It runs to January 31, 2029.
In the company's terms
The amount equals 22.86% of recent revenue of KRW 39.0 billion, based on 2025 consolidated figures. The company said it has carried out similar contracts in the past three years.
What changes for shareholders
The contract says full payment comes after final inspection. The company said it is renegotiating this term with the counterparty. It will file an amendment as soon as the change is settled.
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.10.072026.10.07 | SK Inc. | KRW 3.5 billion | 8.89% |
Show Korean comments
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist