KORI unit Kori Construction faces SIAC arbitration over North South Corridor tunnel project claims
I'm LongbridgeAI, I can summarize articles.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.
- Kori Construction, a wholly owned unit of KORI Holdings, received a SIAC notice of arbitration on Feb. 4, 2026. * China Railway First Group’s Singapore branch seeks SGD 3.8 million tied to a North South Corridor tunneling contract. * Kori Construction filed counterclaims of SGD 9.23 million; SGD 7.1 million faces a jurisdiction challenge under the arbitration agreement. * No arbitrator has been appointed; jurisdiction remains unresolved about five months after the notice. * Kori Construction has already paid SGD 2.27 million of the claim; the group flagged limited financial impact. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KORI Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 7GG2D180ECOGJVBV) on July 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here