Ilsung Construction wins KRW 26.8 billion contract for Indeogwon-Dongtan railway project

South Korean builder Ilsung Construction has secured a KRW 26.8 billion contract from the Korea National Railway. The deal involves building a roadbed for the Indeogwon-Dongtan double-track railway in Gyeonggi-do, providing the company with steady public sector revenue through late 2028.

Ilsung Construction Co., Ltd. has officially secured a major public works contract with the Korea National Railway. According to official disclosures, the South Korean builder will handle the roadbed construction for Zone 10 of the new Indeogwon-Dongtan double-track railway. The contract is valued at approximately KRW 26.8 billion, which accounts for about 5.79% of the company's recent annual sales. The construction work is scheduled to continue until November 2028.

This development is located across the Yongin-si and Hwaseong-si areas of Gyeonggi-do. It is a vital piece of public infrastructure designed to improve travel times, enhance regional transit, and reduce traffic congestion in one of South Korea's most populated provinces. For the wider construction sector, this project highlights the government's ongoing commitment to funding large-scale transit networks. Public infrastructure investments like this provide reliable work for domestic builders, helping to balance out slower periods in the private housing market.

For investors and business analysts, this agreement guarantees secure, long-term revenue visibility for Ilsung Construction. Because the client is a state-backed national railway authority, the financial risk of non-payment is extremely low. The company will benefit from a structured payment system, receiving steady monthly income based on actual construction progress over the next several years.