Equities

Namhwa Construction Amended a ₩7.68 Billion Contract — Only the Timeline Changed

Namhwa Construction's supply contract with Daegwang Community Credit Cooperative, worth 13.56% of revenue, was amended on 23 September. The filing states only the contract period changed — the amount did not.

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.

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Namhwa Construction (KRX: 091590) filed an amendment on 23 September, 2026 to a previously disclosed supply contract with Daegwang Community Credit Cooperative. The amendment’s stated reason is narrow: a change to the contract period. The financial terms — a total contract amount of ₩7,681,818,182, equal to 13.56% of Namhwa Construction’s revenue by the filing’s own stated ratio — are not listed among the amended items.

The filing, as stated

Field Value
Counterparty Daegwang Community Credit Cooperative
Total contract amount ₩7,681,818,182
Ratio to revenue 13.56%
Stated reason for amendment Contract period change
Financial terms Not listed as amended

What a period-only amendment does and doesn’t tell you

Korean disclosure rules require a company to file an amendment whenever a previously disclosed material contract changes in a way the rules define as reportable — and a schedule change, on its own, qualifies even when the deal’s value is untouched. This filing is that narrower case: the record shows a contract worth more than a tenth of the company’s revenue is still active and still valued the same, with only its timeline moved. The filing does not state why the timeline changed or by how much.

This is not investment advice. Figures are drawn from official regulatory filings and are presented for data-quality reporting, not as a trading signal.

Data & Verification Notes

Data as of
Sources
Cross-checks
  • Amendment's stated reason (field 3, 정정사유): '계약기간 변경' — contract period change.
  • Total contract amount stated in the filing: ₩7,681,818,182. Ratio to revenue stated in the filing: 13.56%.
  • Counterparty stated in the filing: 대광새마을금고 (Daegwang Community Credit Cooperative).
Excluded figures
  • The original versus amended contract period dates themselves — we extracted the amendment's stated reason and the unchanged financial terms, but not the specific before/after date fields, for this piece.
  • Why the timeline changed — the filing's amendment reason field states only the category of change (period change), not a cause.
  • What the underlying contract is for beyond its classification as a single sale/supply contract — the filing's content field was not extracted in full for this piece.
Instruments
091590

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