Kumho Construction Wins 85 Billion KRW Contract for 'Gangneung Gyodong Apartment Complex Construction'

Perspective View of Gangneung Gyodong Apartment Complex Construction Project

[Asia Economy Reporter Ryu Tae-min] Kumho Construction announced on the 6th that it has won the contract for the 'Gangneung Gyodong Apartment Construction Project.'

The Gangneung Gyodong Apartment Construction Project is commissioned by JunCMS and involves developing the area around 637-1 Gyodong, Gangneung-si, Gangwon-do. On a 19,510㎡ site, 346 apartment units will be built across 4 buildings ranging from 2 basement floors to 20 above-ground floors. The units will consist of popular types such as 113 units of 84㎡A, 132 units of 84㎡B, and 101 units of 119㎡. The total construction cost is 85 billion KRW.

Gyodong, where the project site is located, is regarded as one of Gangneung's representative affluent neighborhoods and a key local living area. It offers convenient public transportation both within and outside the city, is close to KTX Gangneung Station, and provides easy access to the Yeongdong and Donghae Expressways, ensuring favorable transportation conditions. Various living infrastructures such as Gangneung Olympic Park, government offices, Gangneung Dongin Hospital, E-Mart, and Homeplus are well established, providing excellent convenience for residents. Gyodong and Ponam Elementary Schools, as well as Yulgok and Haslla Middle Schools, are also within walking distance, offering a superior educational environment.

Last month, Kumho Construction secured contracts for several projects including the 'Private Participation Public Housing Project in Yatap-dong, Gyeonggi-do,' 'Incheon Wanggil Station,' 'Samsung-myeon, Eumseong, Chungbuk,' and 'Maam-ri, Okcheon, Chungbuk' apartment projects. Additionally, it won three contracts for natural gas supply facility installations such as the 'Yangsan Complex Logistics Center Construction Project' and the 'Pyeongtaek~Ansan, Cheongju~Sari, Gumi' lines, continuing to secure orders across housing, architecture, and civil engineering sectors.

A Kumho Construction official stated, "The continuous winning of contracts is strengthening the company's fundamentals," adding, "With the steadily increasing order backlog, we expect continuous growth in sales and profits."

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