POSCO Construction Consortium Wins 1.2 Trillion KRW Busan Redevelopment Project

POSCO Engineering & Construction and GS Engineering & Construction consortium have been selected as the new contractors for the Busan Seogeumsa Redevelopment Promotion Zone 5 redevelopment project. This project is the largest redevelopment construction in Busan this year, with a total construction cost of approximately 1.2 trillion KRW.

According to POSCO E&C on the 9th, the Busan Seogeumsa Redevelopment Promotion Zone 5 redevelopment project association held a general meeting on the 7th to select the contractor and conducted a vote among the association members, ultimately selecting POSCO E&C and GS E&C as the contractors.

POSCO E&C and GS E&C will redevelop a 46,000-pyeong residential and commercial site located at 557-16, Seodong, Geumjeong-gu, Busan, to create an apartment complex consisting of 3,856 households across 24 buildings, with a maximum height of 49 floors.

Through alternative design proposals, POSCO E&C and GS E&C presented differentiated community facilities including a curtain wall look facade specialization, four sky bridges and a sky lounge, an indoor swimming pool and infinity pool, and a private cinema.

A representative of the POSCO E&C and GS E&C project team stated, "We deeply thank all association members who trusted and supported the sincerity of the project team," and emphasized, "We will build the finest luxury complex in Busan, surpassing Geumjeong-gu."

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