Construction site of Kolon Global’s Haneulchae in Bongmyeong, Daejeon. Provided by Kolon Global,
,
, “Kolon Global announced on the 11th that it has successfully transitioned the project financing (PF) for two projects: ‘Ulsan Yaum-dong Residential Complex’ and ‘Daejeon Bongmyeong-dong Mixed-use Complex.’ This transition is expected to significantly reduce Kolon Global’s contingent liability risk.”,
,
, “According to Kolon Global, the bridge loan amounted to 722.5 billion won as of December last year. However, with the successful PF transition of these two projects, the number of projects without completed PF transition has reduced to just one, ‘Daejeon Seonhwa-dong Phase 3 Mixed-use Development Project.'”,
,
, “A representative from Kolon Global stated, ‘The project is underway with plans to relocate the broadcasting station within the site,’ explaining, ‘While a 268 billion won bridge loan was set to mature in March this year, it has been extended by one year to March next year.'”,
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, “With the sequential progress of sales and completion, financial health is expected to improve in the future. Currently, 65.6% of Kolon Global’s guaranteed completion agreements are arising from renovation projects such as small-scale housing redevelopment.”,
,
, “As of the end of June this year, Kolon Global’s order backlog stood at 11.6298 trillion won, nearly five times last year’s sales of 2.6634 trillion won.”,
,
, “Kolon Global plans to gradually reduce its reliance on the housing business. In the first half of this year, public sector orders comprised 39%, and industrial construction accounted for 33%, making up the majority of the portfolio. The housing sector, however, was significantly reduced to 28%. Over the past five years, the average proportion of housing sector orders was 65%.”,
,
, “A spokesperson for Kolon Global explained, ‘We are flexibly managing housing business risks based on quality orders in the public and industrial construction sectors,’ and added, ‘We expect rapid improvement in operating performance due to favorable sales results and a decline in market interest rates.'”