DL E&C submits KRW 930.9 billion bid. Average target for DL E&C stock is KRW 92,750.

Published on 10/25/2026 at 00:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DL E&C submitted the sole bid on October 23, 2026, for a KRW 930.9 billion project. Average target for DL E&C stock is KRW 92,750.

Urban redevelopment orders build

DL E&C submitted a KRW 930.9 billion bid on October 23, 2026.
Urban redevelopment orders could reach KRW 4.2314 trillion in 2026 versus KRW 3.6848 trillion in 2025.
DL E&C stock was last at KRW 59,900 on October 23, 2026 at 3:30 p.m. KST on the KRX.
IBK Investment and Securities cut its target to KRW 87,000 on October 21, 2026.

DL E&C, KR7375500006, Illustration mit AI erstellt.

DL E&C (KR7375500006) submitted a sole bid for a KRW 930.9 billion redevelopment project on October 23, 2026, according to Seoul Economic Daily. The same day, MarketScreener showed an average target of KRW 92,750 for DL E&C, while the latest KRX quote was KRW 59,900 on October 23, 2026.

Redevelopment orders gain scale

The proposed Haan Jugong Complex 9 project would comprise 2,218 units across 15 buildings, with the tallest reaching 45 floors. The contractor selection meeting is scheduled for November 29, 2026, after DL E&C submitted the only bid.

If the project is secured, DL E&C's urban redevelopment orders for 2026 would rise to KRW 4.2314 trillion. That would exceed KRW 3.6848 trillion in 2025 and KRW 1.1717 trillion in 2024, according to Seoul Economic Daily. The comparison matters because the company is competing for growth while housing construction activity remains a central earnings driver.

What does the KRW 930.9 billion bid add?

The bid would add another large residential project to DL E&C's order pipeline, but contractor selection remains scheduled for November 29. The proposed complex includes four duplex penthouses, five view-focused penthouses and expanded community facilities, including a sky lounge, sports court and family cinema.

Three recent order milestones

On June 23, 2026, DL E&C received a KRW 853.3 billion tax notice linked to Saudi Arabia. On August 27, 2026, it secured a KRW 244.1 billion power plant construction contract. On October 23, 2026, it submitted the KRW 930.9 billion Haan Jugong Complex 9 bid, as listed by MarketScreener.

Next date for the project decision

The next substantiated date is November 29, 2026, when the project operator plans to hold the contractor selection meeting for Haan Jugong Complex 9.

Stock valuation and operating scale

DL E&C's market capitalization was KRW 2.2 trillion as of October 23, 2026. Its 52-week KRX range was KRW 38,450.00 to KRW 106,600.00, putting the latest quote below the year's high while leaving substantial distance from the low. IBK Investment and Securities cut its target from KRW 107,000 to KRW 87,000 on October 21, 2026, citing projected third-quarter revenue of KRW 1.6 trillion and operating profit of KRW 97.4 billion, according to Newspim.

KRX quote remains the market reference

The last KRX quote was KRW 59,900 on October 23, 2026 at 3:30 p.m. KST. For investors, the November contractor vote and the conversion of bids into booked orders are the next measurable tests for the redevelopment strategy.