Hanyang Wins 108.9 Billion KRW Contract for 'Jeonju Eco City Mixed-Use Complex' Project

Perspective View of Jeonju Eco City Residential-Commercial Complex

[Asia Economy Reporter Ryu Tae-min] Hanyang announced on the 14th that it has signed a construction contract for the 'Eco City Mixed-Use Complex New Construction Project' in Jeonju, Jeonbuk. The project involves the development of 268 apartment units, 126 officetel rooms, and neighborhood living facilities.

The complex will be built on the Eco City site in Jeonju, Jeonbuk Province, featuring 268 apartment units and 126 officetel rooms in a high-rise mixed-use building reaching up to 48 floors. Construction is scheduled to begin in February next year, with completion targeted for the second half of 2025. The contract amount is approximately 108.9 billion KRW.

The site of the 'Jeonju Eco City Urban Development Project' is a highly preferred residential area as an eco-friendly new town. It has well-established road networks such as Dongbu-daero and Gwahak-ro, excellent transportation including the KTX Jeonju Station located about 10 minutes away by car, and a favorable educational environment with elementary, middle, and high schools within approximately 500 meters radius. Additionally, the complex is adjacent to the central commercial district on its south side, making it one of the best residential environments in Jeonbuk Province.

Since renewing the Sujain brand in July, Hanyang has been continuously successful in securing orders. Along with the Noryangjin station area youth housing project in October, it has consecutively won projects including ▲Daejeon Eupnae-dong apartment new construction project ▲Suwon Jowon-dong street housing maintenance project in November ▲Mia 1 district street housing maintenance project ▲Incheon Yeongjong apartment project in December ▲and Jeonju Eco City mixed-use complex.

Through the Sujain brand renewal, Hanyang plans to expand its housing project order channels based on strengthened brand competitiveness and construction capabilities, targeting trust-linked projects, station area youth housing, and street maintenance projects. Furthermore, it intends to broaden its entry into non-residential sectors such as smart cities, data centers, and logistics centers, and strengthen urban maintenance projects including redevelopment, reconstruction, and street maintenance projects, alongside public and private development projects proposed or invited by local governments and urban corporations.

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