Daewoo Industrial Development Wins Contract for Yangsan Sasong District A-8 Block... Worth 65.1 Billion KRW

[Asia Economy Reporter Chunhee Lee] Daewoo Industrial Development has succeeded in winning the contract for the apartment construction project at A-8 Block in Yangsan Sasong District, Gyeongnam. The contract amount is 65.1 billion KRW.

The consortium of Daewoo Industrial Development and Geummyeong General Construction announced on the 24th that they won the construction contract for 'Yangsan Sasong A-8 Block Apartment Construction Project Section 4,' commissioned by Korea Land and Housing Corporation (LH).

This project involves building 808 apartment units and auxiliary facilities in Sasong-ri and Naesong-ri, Dong-myeon, Yangsan City. Daewoo Industrial Development holds a 90% stake, and Geummyeong General Construction holds a 10% stake. The contract amount is 65.12166 billion KRW. The construction period is 898 days.

A representative of Daewoo Industrial Development stated, "We will do our best to complete the construction within the period based on our outstanding technical skills and construction know-how," and added, "We will continue to actively pursue new contracts in the future."

This content was produced with the assistance of AI translation services.