Ssangyong Construction Wins Busan Yeoncheon Market Renovation Project... Construction Cost 83.4 Billion KRW

Perspective view of the Busan Yeoncheon Market redevelopment project.
[Photo by Ssangyong Construction]

[Asia Economy Reporter Kwak Min-jae] Ssangyong Construction announced on the 19th that it has been selected as the contractor at the general meeting for the Busan Yeoncheon Market Market Maintenance Project. The construction cost is approximately 83.4 billion KRW.

The market maintenance project aims to revitalize the commercial area by modernizing the deteriorated commercial district. Except for the fact that the maintenance project requires forming a promotion committee and establishing a market maintenance project plan before the approval of the association establishment, the redevelopment project follows the same promotion procedures.

The Busan Yeoncheon Market Market Maintenance Project will be reborn as ‘The Platinum,’ a residential-commercial complex apartment consisting of two buildings with a total of 248 households, ranging from 5 basement floors to 30 above-ground floors. Construction is scheduled to begin in March 2025.

The Won-dong IC on the internal circulation road leading to downtown is nearby, making travel to and from the city convenient. Transportation conditions are also favorable, with developments such as the Mandeok~Centem underground expressway underway. Nearby Yeonsin Elementary School and Yeoncheon Elementary School are within walking distance, and lifestyle infrastructure such as large supermarkets and hospitals is well established.

A Ssangyong Construction official stated, “We will actively seek remodeling and small-scale reconstruction projects in Seoul, the metropolitan area, Busan, and Daejeon to enhance the status of ‘The Platinum.’”

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