Gaon Electric Wire Secures 600 Billion Won Singapore MRT Power Cable Contract on August 6

According to Yonhap Infomax, Gaon Electric Wire (ticker: 000500) signed a power cable supply contract with Singapore's Land Transport Authority on August 6, valued at approximately 600 billion won (around $450 million USD). The distribution cables will be supplied for Singapore's MRT (Mass Rapid Transit) power grid project. This represents the company's first major contract since registering as a vendor with the authority last year.
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