Kolon Global Surpasses 3 Trillion KRW in New Orders... First Time Since Establishment

Kolon Global Headquarters, Songdo-dong, Yeonsu-gu, Incheon / Photo by Kolon Global

[Asia Economy Reporter Hwang Seoyul] Kolon Global announced on the 21st that its new orders exceeded 3 trillion won last year.

Kolon Global explained that this was "thanks to the expansion of the housing and construction business and the favorable progress of large-scale projects."

Looking at each sector, the housing construction division achieved good subscription results at regional business sites by promoting the 'Haneulchae' brand. Last year, it sold 10,000 units, surpassing the sales target of 9,255 units. It posted steady results not only in its main regional housing association but also in urban maintenance and private contracting areas.

Kolon Global continues its order-winning streak, having secured a 268 billion won development project last month and signed a 130 billion won contract this month. As of the end of last month, Kolon Global's order backlog exceeded 10 trillion won.

Kolon Global plans to sustain growth through eco-friendly technologies such as wind power and water treatment. In the wind power market, Kolon Global is developing its business along three axes: onshore wind power, repowering (replacement of aging facilities), and offshore wind power. It applied the world's first developed 'low-energy membrane water treatment technology' to domestic sewage and wastewater treatment plants, achieving reductions in required power and greenhouse gas emissions.

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