Pohang City's 'Earthquake Transmission' Daedong Villa to Sign 'Reconstruction' Contract with Booyoung Housing Within the Year

Pohang City Minimizes Resident Contributions... Construction Company Provides Free Building Materials Support

From the left, Choi Yang-hwan, CEO of Booyoung Housing, Lee Kang-deok, Mayor of Pohang, and Jung Young-hee, Chairman of the Daedong Villa Small-scale Reconstruction Maintenance Project Association.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Pohang City announced on the 31st that Daedong Villa (4 buildings, 81 households) in Samho-ro, Buk-gu, which was damaged by the earthquake and demolished, will begin full-scale reconstruction after signing a contract with Booyoung Housing Co., Ltd.

On this day, with Mayor Lee Kang-deok of Pohang attending, Booyoung Housing CEO Choi Yang-hwan and Daedong Villa Small-scale Reconstruction Maintenance Project Association Chairman Jung Young-hee signed the contract in the city hall's main conference room and agreed to start construction within the year.

The affected residents, who have been living in temporary housing facilities such as rental housing with the city's support and receiving relief funds under the special law, expressed their welcome for the news of the reconstruction contract.

Pohang City has been supporting various measures to reduce the burden on affected residents by meeting with Lee Joong-geun, chairman of Booyoung Group, and securing free construction materials such as cement for the reconstruction of Daedong Villa, which was completely damaged by the earthquake.

Mayor Lee Kang-deok said, "I am deeply moved that the reconstruction project has started thanks to the united efforts of the Daedong Villa residents and the great decision of Chairman Lee Joong-geun of Booyoung Group," and emphasized, "We will do our best to stabilize the lives of the affected residents."

Pohang City, together with the Daedong Villa Emergency Countermeasures Committee, has been working to minimize residents' contributions, the biggest challenge in promoting the project, by changing urban management plans, securing government support, and promoting corporate sharing meetings.

As a result, the Korea Cement Association, S-1 Corporation, KCC Corporation, DGB Daegu Bank, and NH Nonghyup have agreed to provide construction materials free of charge, and Booyoung Housing Co., Ltd. has promised to undertake the reconstruction project, accepting losses in project costs as part of social commitment and contribution.

Meanwhile, Daedong Villa was completely damaged by the 2017 Pohang earthquake, demolished by April 2020, and received approval for the establishment of the association in August. After going through the project implementation plan approval process, construction is scheduled to begin within this year.

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