SK Ecoplant Wins Two Urban Renewal Projects in Seoul and Daejeon

Seoul 'Ichon Useong Apartment' Remodeling
Simultaneous Redevelopment Contract for Daejeon 'Domabyeondong 2 District'
Total Contract Amount of 520.9 Billion KRW

SK ecoplant announced on the 10th that it has simultaneously secured two urban maintenance projects: the remodeling project of ‘Ichon Woosung Apartment’ in Seoul and the redevelopment project of ‘Doma Byeondong 2 District’ in Daejeon.

Perspective view of Ichon Woosung Apartment. (Provided by SK Ecoplant)

The Ichon Woosung Apartment remodeling project involves horizontally expanding the existing 243-unit apartment complex in Ichon-dong, Yongsan-gu, Seoul, to create a total of 272 units across two buildings, ranging from 5 basement floors to 21 above-ground floors. SK ecoplant won the contract independently, with a total contract amount of approximately 156.5 billion KRW.

For the first time in a remodeling project, SK ecoplant will apply its premium housing brand ‘DEFINE’ to introduce differentiated exterior design and specialized planning. The site is within walking distance of Ichon Station on Subway Line 4 and the Gyeongui-Jungang Line, and is also close to Yongsan Station on Subway Line 1 and KTX, as well as Gangbyeonbuk-ro, providing excellent transportation conditions. It offers convenient access to Ichon Hangang Park and is rich in green and cultural facilities such as Seobinggo Neighborhood Park, Yongsan Park, and the National Museum of Korea.

The Doma Byeondong 2 District redevelopment project in Byeondong, Seo-gu, Daejeon, involves constructing apartments and ancillary facilities with 8 buildings, totaling 1,057 units, ranging from 3 basement floors to 33 above-ground floors. SK ecoplant formed a consortium with POSCO E&C to secure the project, with a total contract amount of approximately 364.4 billion KRW, of which SK ecoplant holds a 55% stake (about 200.4 billion KRW).

Daejeon Subway Line 1’s Yongmun Station and KTX Seodaejeon Station are located within a 2 km radius, facilitating convenient travel to surrounding areas. Nearby, the Chungcheong Regional Metropolitan Railroad Doma Station (scheduled for 2024) and Subway Line 2 Boksu Station (scheduled for 2028) are also planned to open. The site is adjacent to Byeondong Elementary and Middle Schools, providing excellent educational conditions, and Yudeungcheon Stream is located within a 5-minute walk, making access to the waterfront park easy. The project site is located within the ‘Doma-Byeondong Redevelopment Promotion District,’ where a large-scale maintenance project aiming to create a total of 22,000 households is underway, indicating high potential for future residential environment development.

Lee Gi-yeol, Group Executive in charge of SK ecoplant’s urban development sales, said, “With extensive experience in urban maintenance projects and excellent construction capabilities, we plan to develop the contracted complexes into landmark apartments representing their regions.” He added, “We will leverage this Seoul Yongsan remodeling project contract as a stepping stone to further distinguish ourselves across the entire urban maintenance project sector.”

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