South-Seoul LRT Co., Ltd. announced that it has received KRW 1.31 billion in funding from Doosan Construction & Engineering Co., Ltd., Ilsung Construction Co., Ltd.
June 14, 2016
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On June 15, 2016, South-Seoul LRT Co., Ltd. closed the transaction. The transaction included participation from returning investors Doosan Construction & Engineering Co., Ltd. for KRW 925,725,000 and Ilsung Construction Co., Ltd. for KRW 381,180,000. Post the transaction, Doosan Construction & Engineering Co., Ltd. increased its ownership from 2.78% to 17.88% and Ilsung Construction Co., Ltd. increased its ownership from 1.15% to 7.36%.
ILSUNG Construction Co Ltd is a Korea-based company engaged in the construction business. The Company operates its business through four divisions: architecture division, which constructs residential buildings, education facilities, public buildings and other commercial buildings; civil engineering division, which constructs roads, railways, subways, industry complexes and others; landscaping division, which involves in the construction of green belts, and sales business division, which involves in the sales of apartment buildings. It also engages in the construction of water and sewage treatment plants, energy plants and others, and operation of social overhead capital (SOC) construction business,
South-Seoul LRT Co., Ltd. announced that it has received KRW 1.31 billion in funding from Doosan Construction & Engineering Co., Ltd., Ilsung Construction Co., Ltd.
ILSUNG CONSTRUCTION CO., LTD. 
