[Market Feature] Daewoo Engineering & Construction Soars on Treasury Share Cancellation and Airport Project Contract Boost

The stock price of Daewoo Engineering & Construction surged after the company announced its plan to enhance shareholder value through the cancellation of its treasury shares.

As of 9:51 a.m. on March 5, 2026, Daewoo Engineering & Construction was trading at 8,980 won, up 1,430 won (18.94%) from the previous trading day.

The previous day, Daewoo Engineering & Construction disclosed that it had resolved to cancel 4,715,000 treasury shares. The value of the cancellation amounts to approximately 42 billion won, based on the closing price on March 3. Additionally, Daewoo Engineering & Construction officially notified the Public Procurement Service of its intention to proceed with a private contract for the site development project of the new Gadeokdo Airport. The Gadeokdo New Airport site development project is a large-scale infrastructure initiative for national balanced development and the construction of a gateway airport in the southeastern region, with a total budget of approximately 1.07174 trillion won.

This content was produced with the assistance of AI translation services.