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2 clusters · 3 sources · 19 days · First seen · Last updated

South Korean construction industry developments

Overview

Major South Korean construction firms are managing various large-scale urban redevelopment and infrastructure projects. In Seoul, DL E&C has emerged as the preferred negotiator for the Seongsu Strategic Redevelopment District 2 project, submitting a 2.01 trillion won bid to construct 2,381 residential units.

Meanwhile, Daewoo E&C is managing separate developments. In the Songpa-gu district of Seoul, a bid for the Garak Woosung 1st Apartment reconstruction project failed to secure a contract due to a lack of competition. Concurrently, a consortium led by Daewoo E&C is negotiating with the South Korean government for a 620 billion won increase in funding for the Gadeokdo New Airport site preparation project, citing rising raw material and fuel costs.

Entities

DL E&C · Garak Woosung 1st Apartment Reconstruction Union · Seongsu Strategic Redevelopment District 2 · Songpa-gu · Arcadis

Timeline

  1. [BUSINESS] 2 sources
    Daewoo E&C faces separate construction developments in Seoul and Gadeokdo

    Daewoo E&C is the sole bidder for the 501.9 billion won Garak Woosung 1st Apartment reconstruction, while its consortium negotiates a 620 billion won cost increase for the Gadeokdo New Airport project.

  2. [BUSINESS] 2 sources
    DL E&C bids 2 trillion won for Seongsu 2 District redevelopment

    DL E&C has submitted a 2 trillion won bid proposal for the Seongsu 2 District redevelopment in Seoul, proposing a high-end residential complex named ‘Acro Seongsu’.

Sources

sateconomy.co.kr · socialvalue.kr · techholic.co.kr