Taeyoung Construction Secures Consecutive Orders in Daejeon and Bundang... Worth 1.3 Trillion Won

Taeyoung Construction announced on the 4th that it has won a construction contract worth 372.8 billion KRW for the Daejeon Yucheon 1 District Regional Housing Association project.

Taeyoung Construction Yeouido Office Building. (Provided by Taeyoung Construction)

The project, awarded on the 26th of last month, involves constructing five buildings with a total floor area of 191,110.21㎡, ranging from 5 basement floors to 49 above-ground floors, including 930 apartment units, 64 officetel units, and auxiliary welfare facilities in the Yucheon-dong area of Jung-gu, Daejeon.

Taeyoung Construction recently also signed a business agreement for the Bundang Baekhyeon MICE Urban Development project. Participating through a consortium with Meritz Securities, the total contract amount is 3.4115 trillion KRW, of which Taeyoung Construction's share is approximately 1.0234 trillion KRW. This project does not involve project financing (PF) guarantees and entails developing office facilities, mixed-use facilities, exhibition conventions, and support facilities in Jeongja-dong, Bundang-gu, Seongnam-si, Gyeonggi-do.

With this, Taeyoung Construction stated that its total contract amount for this year has exceeded 2.8 trillion KRW.

Taeyoung Construction said, "Our contract achievements so far have focused on projects without project financing (PF) guarantees, making efforts to strengthen financial stability," adding, "with group-level support, we currently hold over 400 billion KRW in cash reserves."

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