[Featured Stock] Dongbu Construction Wins Construction Contract Worth About 500 Billion KRW... Up 16%
![[Featured Stock] Dongbu Construction Wins Construction Contract Worth About 500 Billion KRW... Up 16%](http://www.asiae.co.kr/news/img_view.htm?img=2022082411020797281_1661306527.jpg)
Dongbu Construction is recording a rise of over 16% during the morning trading session on the 24th. The news that it secured a construction contract worth approximately 500 billion KRW in El Salvador appears to be driving the stock price.
As of 10:45 AM on the same day, Dongbu Construction is trading at 8,360 KRW, up 16.70% compared to the previous trading day. During the session, Dongbu Construction reached a high of 9,190 KRW, up 28.17%, before giving up some of the gains.
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Dongbu Construction announced the day before that it had won the contract for the "El Salvador Los Chorros Bridge Construction and Road Expansion Project" from the Ministry of Public Works and Transportation of El Salvador. The contract amount is 485.82378 billion KRW, which accounts for 33.25% of last year's sales. The contract period is 36 months from the start date.
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