[Edaily Reporter Park Sun-Yeop ] CrowdWorks, Inc.(355390)announced on the 3rd that it has signed a contract with the Busan Regional Public Procurement Service for a project to build a next-generation information system for digital innovation.
The contract amount is 1,114,370,000 won. This represents 10.63% of the company’s most recent consolidated revenue of 10,484,240,000 won for 2025. The contract amount does not include value-added tax.
The contract period runs from the 1st of this month through June 1, 2027.
This project, initiated by the Busan Regional Public Procurement Service in response to a request from the Korea Housing and Urban Guarantee Corporation (HUG), has been underway since December 13, 2024, with Ssangyong Information & Communications and ITCENENTEC serving as the prime contractors. CrowdWorks, Inc. was added as a new member of the consortium following the bankruptcy of existing consortium members.
The contract amount is 1,114,370,000 won. This represents 10.63% of the company’s most recent consolidated revenue of 10,484,240,000 won for 2025. The contract amount does not include value-added tax.
The contract period runs from the 1st of this month through June 1, 2027.
This project, initiated by the Busan Regional Public Procurement Service in response to a request from the Korea Housing and Urban Guarantee Corporation (HUG), has been underway since December 13, 2024, with Ssangyong Information & Communications and ITCENENTEC serving as the prime contractors. CrowdWorks, Inc. was added as a new member of the consortium following the bankruptcy of existing consortium members.
