Taeyoung Construction, Suspension of Operations in Civil Engineering and Architecture Business

Taeyoung Construction announced on the 15th that it has been suspended from civil engineering and construction business operations. The suspension period is 3 months, and the reason is a serious accident under the Industrial Safety and Health Act. Taeyoung Construction plans to respond by filing a provisional injunction to suspend the execution of the administrative disposition and a lawsuit to cancel the administrative disposition. The company explained that if the provisional injunction to suspend the execution of the business suspension administrative disposition is accepted, there will be no impact on business activities until the ruling on the lawsuit to cancel the administrative disposition.