KORI unit Kori Construction faces SIAC arbitration over North South Corridor tunnel project claims
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Kori Construction, a unit of KORI Holdings, received a SIAC arbitration notice on Feb. 4, 2026, from China Railway First Group’s Singapore branch regarding the North South Corridor tunnel project. The claim seeks SGD 3.8 million, while Kori filed counterclaims totaling SGD 9.23 million, with SGD 7.1 million subject to jurisdiction challenges. No arbitrator has been appointed yet. Kori has paid SGD 2.27 million and stated the financial impact is limited.
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