01
Executive overview
Key findings
KRW 4,451.5 billion: consolidated revenue in FY 2024 (operating profit KRW 366.2 billion)
KRW 0.7–0.9 trillion a year: capital expenditure cited by the rating agency KIS (June 2025)
KRW 2.2 trillion: planned total cost of the Yongin semiconductor cluster water supply to 2034; phase 1 lots 1 and 3 tendered on 14 October 2026 at estimated KRW 275.6 billion and KRW 344.9 billion
105.6 MW at 7 sites: floating solar in operation; about 500 MW planned by 2030 (ministry, September 2026)
02
Buyer relevance
Who the report is for
Civil and water main contractors
Prepare for Yongin lots 1 and 3, with prequalification documents due 2 November 2026 and bidder selection planned for 18 December 2026.
Treatment and process equipment makers
Follow the package-by-package tenders at Cheongju and Danwol, such as Danwol instrumentation and control at KRW 2.86 billion.
Floating solar and grid suppliers
Plan around 105.6 MW now operating, the 95 MW Soyanggang project and about 500 MW targeted by 2030.
Business development teams entering Korea
Learn which channel applies: 17 of K-Water's 20 most recent notices were commissioned to the Public Procurement Service.
03
Decision scope
Questions answered
What is open now at K-Water?
Yongin phase 1 lots 1 and 3, tendered on 14 October 2026 at estimated KRW 275.6 billion and KRW 344.9 billion.
How does K-Water buy equipment?
Recent equipment tenders have mostly been run by the Public Procurement Service on KONEPS, with K-Water as demand agency; 17 of the 20 most recent notices were commissioned this way.
Who already holds K-Water's major work?
Kolon Global holds Yongin lot 2 at KRW 126.5 billion, and GS E&C built the Daesan desalination plant, with a total project cost of KRW 317.5 billion.
How much does K-Water invest each year?
The rating agency KIS cites capital expenditure of around KRW 0.7-0.9 trillion a year, against FY 2024 consolidated revenue of KRW 4,451.5 billion.
04
Inside the report
Inside the complete report
1. The Account at a Glance
2. Organisation and Decision-Making
3. Financial Position
4. Priorities and Pressures
5. How K-Water Buys
6. Opportunity Register
7. Commercial Priorities: Where to Focus First
8. Watch List: What to Monitor and What to Do
Source Register
05
Public preview
What to watch next
Yongin lots 1 and 3 award (18 December 2026, planned)
The largest open works in the pipeline.
Chief executive appointment
Priorities for 2027 may change.
Bulk tariff decision
A cost gap of KRW 410.2 billion in 2025 limits spending.
FY 2025 audited accounts and the 2027 budget
Confirms spending capacity after net income fell 29.8%.
Opportunity Register: K-Water projects by status, stage, contractors, supplier categories and route in
06
Included
What you receive
The complete PDF report: 10 pages, 9 sections, 6 tables and a register of 18 sources.
This edition
October 2026, First edition.
07
Evidence & method
Evidence and method
The brief draws on the June 2025 KIS credit opinion, ministry announcements on dams, floating solar and the Yongin scheme, tender notices for K-Water from late 2025 to October 2026, and Korean news reports of contracts, results and leadership, checked to 31 October 2026.
Sources
18 sources, listed in the report's source register. Evidence current to 31 October 2026. Principal data periods: FY 2022–FY 2024 consolidated results; FY 2025 reported results; tenders and contracts to October 2026. Project and procurement status checked against public sources on 31 October 2026. All currency is Korean won (KRW)..
08
Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
09
Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
10
K-Water: Utility Account Brief
- Format
- Length
- 10 pages
- Edition
- October 2026, First edition
- Price
- USD 499
11
Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Utility Account Brief
- Edition
- October 2026, First edition
- Format
- Length
- 10 pages
- Reference
- OFW_EXT_K_WATER_UTILITY_ACCOUNT_BRIEF_c461e35f0dfd
- Evidence current to
- 31 October 2026
14
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