POSCO Construction Wins Remodeling Contract for Yongin Hyundai Seongwoo 8 Complex

[Asia Economy Reporter Yoo In-ho] The consortium of POSCO Engineering & Construction and Hyundai Engineering & Construction has won the remodeling project of Hyundai Seongwoo 8 Complex in Pungdeokcheon-dong, Suji-gu, Yongin-si, Gyeonggi-do, with a construction cost of 340 billion KRW.

According to POSCO Engineering & Construction on the 21st, at the general meeting for selecting the construction company held on the 19th at Yongin Auto Theater, the consortium was chosen as the contractor with the approval of 660 out of 672 participating union members.

Built in 1991 and now in its 21st year since completion, this complex will increase the number of households from 1,239 to 1,423 through horizontal and separate building extensions. Among these, 184 units will be sold to the general public. Completion is scheduled for early 2027.

POSCO Engineering & Construction plans to apply various specialized designs to the complex. The community will be enhanced with features such as a sky community, panoramic elevators, and resting spaces overlooking Cheongpyeongcheon Stream.

The existing above-ground parking lot will be transformed into a park with landscaping, creating a theme garden and a 1 km walking trail, and a three-level underground parking lot will be constructed to greatly improve convenience for residents.

A POSCO Engineering & Construction official said, "As we have earned the trust and support based on our company's project execution capability and sincerity, we will repay with the construction of the best luxury complex, adding a sense of mission as a 'corporate citizen growing together with the community.'"

Meanwhile, with this contract, POSCO Engineering & Construction is currently promoting projects for 13,000 households across 17 complexes in remodeling alone.

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