Factual Summary
Heerim Architects & Planners Co., Ltd. recorded consolidated revenue of KRW 231.87 billion, operating profit of KRW 9.14 billion, and net income of KRW 7.82 billion for fiscal year 2025 (Business Report, receipt no. 20260731000505). Cumulative revenue for H1 2026 was KRW 116.42 billion, with operating profit of KRW 3.41 billion (Semiannual Report, receipt no. 20260814002328). From May to August 2026, the company secured a series of design and construction management (CM) contracts for large-scale redevelopment and development projects, including Mokdong District 1, Pyeongchon A-17, and the Jeonbuk International Finance Center. The largest shareholder, Chairman and CEO Jung Young-gyun, together with related parties, held a 20.40% stake as of 2026-08-03, having continuously increased their holdings since 2025 (Report on Status of Bulk Holdings, receipt no. 20260803000337).
Change Context Note
Operating margin has been on a declining trend, from 6.34% in 2024 to 3.94% in 2025 and 2.92% cumulatively in H1 2026, while 2025 revenue decreased -3.77% year-over-year (per the Business Report and Semiannual Report). The share price hit the upper limit (₩7,460) on 2026-05-07, then corrected, closing at ₩4,165 as of 2026-08-18 — remaining below the May peak despite a series of major contract-win announcements during the same period (price data, Hankyung Market).
Theme Exposure
- #RealEstateDevelopment 5/5
- #GeopoliticalRiskSensitive 3/5
- #AI 2/5
Key Facts
- On 2026-08-12, a consortium including Heerim was selected as the preferred bidder for the Jeonbuk International Finance Center (approximately KRW 600 billion project) (Etoday and others, 2026-08-12).
- On 2026-07-08, Heerim was selected as the designer for the Pyeongchon A-17 integrated reconstruction project (78.6% vote share, Edaily and others, 2026-07-08).
- On 2026-05-12, Heerim was selected as the designer for the Mokdong District 1 reconstruction project (802 votes, Financial News and others).
- FY2025 consolidated revenue was KRW 231.87 billion, down -3.77% year-over-year, while the debt ratio improved to 142.08% from 192.53% in 2022 (per the Business Report).
- The largest shareholder, Chairman and CEO Jung Young-gyun, together with related parties, held a 20.40% stake as of 2026-08-03 (Report on Status of Bulk Holdings, receipt no. 20260803000337).
- According to industry publication rankings, Heerim ranked 5th among domestic architectural design firms by 2025 revenue, and 2nd among the top 10 in revenue growth rate (+10.3%) (Daehan Economic Daily, 2026-05-16).