Kespion to Sell Land, Trees for KRW 2.94 Billion Under Compulsory Acquisition

Kespion on Oct. 16, 2026, agreed to transfer Incheon land to Incheon Urban Corporation for KRW 2.94 billion. The compulsory acquisition forms part of the Incheon Guwol 2 public housing project. The transaction represents 12.11% of total assets. Proceeds will support debt repayment to improve the financial structure. Contract signing is scheduled for Oct. 23, 2026. * The transfer and ownership registration are scheduled for Nov. 6, 2026, subject to change. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kespion Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261016000242), on October 16, 2026, and is solely responsible for the information contained therein. (C)