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News 2026-10-16 07:13 UTC

STraffic Delays LS Electric Rail Signaling Business Acquisition to Oct. 23

STraffic revised the closing date for its acquisition of LS Electric’s railway signaling business to October 23, 2026, from October 16. The KRW 3 billion first balance payment was deferred to December 31, 2026, from October 16 under the contract terms. The acquisition price remains KRW 74.54 billion. Disclaimer: This n