Hyundai Construction Joins Consortium for 'Incheon Cheongna Medical Complex Town'

Hyundai Construction's 50 Years of Hospital Construction Expertise Combined with Cha Hospital Group's Global Capabilities to Maximize Synergy
Creating the Nation's Only Advanced Medical Cluster with In-House Industry-Academia-Research-Hospital Capabilities

Perspective view of Incheon Cheongna Medical Complex Town / Provided by Hyundai Construction.

[Asia Economy Reporter Kangwook Cho] Hyundai Engineering & Construction announced on the 1st that it has participated in the bid for the ‘Incheon Cheongna Medical Complex Town’ project as part of the ‘Meritz Fire & Marine Insurance Consortium.’

The ‘Incheon Cheongna Medical Complex Town’ is a large-scale medical project to develop a site of 261,635m2 within Cheongna International City, Seo-gu, Incheon, including a general hospital with more than 500 beds and medical, bio-related industry-academia-research facilities.

This consortium includes Hyundai Engineering & Construction, Cha Hospital Group, Meritz Fire & Marine Insurance, Lotte Engineering & Construction, Kumho Engineering & Construction, Haean Comprehensive Architectural Office, and Jeonglim Comprehensive Architectural Office. Meritz Fire & Marine Insurance, the lead manager, will handle financial arrangement and act as a financial investor.

Hyundai Engineering & Construction plans to create a cutting-edge bio cluster connecting industry, academia, research, and hospital (産·學·硏·病) by combining advanced construction technology know-how accumulated through over 40 years of experience in more than 50 hospital construction projects domestically and internationally with Cha Hospital Group’s innovative medical service platform.

Since starting with the US Army 121st Evacuation Hospital in Yongsan in 1971, Hyundai Engineering & Construction has established a strong presence in hospital architecture both domestically and abroad. It has successfully completed about 40 representative hospital projects in Korea, including Seoul National University Hospital, Catholic Seoul St. Mary’s Hospital, Eunpyeong St. Mary’s Hospital, and Hallym University Dongtan Sacred Heart Hospital. Overseas, it has about 10 general hospital projects such as Iraq Medical Complex City, Saudi Arabia King Fahd Medical City, Singapore KUTEC Fuat and Changi Hospitals, and Hamad Bin Khalifa Medical City. Recently, it successfully completed the construction of Hanyang University Hanmaeum International Medical Center with 786 beds and has completed overseas hospital projects such as Qatar Al Maha Hospital and Hong Kong United Christian Hospital.

Cha Hospital Group, part of the consortium, is the only medical company in Korea that owns all four sectors of industry, academia, research, and hospital (産·學·硏·病). Cha Hospital Group owns ‘medical and bio companies’ such as Cha Biotech with 10 domestic and 38 overseas subsidiaries, ‘research institutes’ including CHA University and Cha Vaccine Institute, and ‘global hospitals’ with 71 locations in 7 countries worldwide, enabling self-procurement of industry-academia-research-hospital facilities connecting medical care, clinical practice, patents, and bio. In particular, with achievements in women-specialized hospitals and foreigner-specialized hospitals domestically, it has a hospital network composed of 12,000 personnel in countries including the US, Australia, Japan, and Singapore, giving it a strong advantage in attracting foreign medical tourists.

A Hyundai Engineering & Construction official said, “Cheongna International New City is close to Incheon International Airport and adjacent to the international financial district, making it a place rich in potential as a global hub. We will focus our know-how and capabilities on this project by leveraging Hyundai Engineering & Construction’s experience in general hospital construction and Cha Hospital Group’s medical technology and global network.”

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