Hoban Construction Invests in Modular Building Materials Startup
[Asia Economy Reporter Onyu Lim] Hoban Construction announced on the 8th that it has committed to investing in the modular building materials startup MoconST and signed an agreement for joint technology development at Hoban Park in Umyeon-dong, Seocho-gu, Seoul.
Hoban Construction introduced that MoconST has received favorable reviews for significantly improving constructability by ensuring quality, shortening construction periods, and simplifying processes centered on construction sites in modular bathroom systems.
At the investment commitment and business agreement ceremony held that day, Kim Daeheon, President in charge of Planning at Hoban Construction, and Jo Yongkyung, CEO of MoconST, attended.
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Meanwhile, Hoban Construction established an open innovation department last year to actively adopt technologies from ventures, small and medium-sized enterprises, and startups.
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