Rather Than Aggressive Growth, Steady Foundations... The Firm Philosophy Behind 'Ilsin Geonyeong's' Homebuilding Approach

- Marking the 35th Anniversary Next Year with Solid Management, Not Aggressive Growth
- Apartment Supply Reflecting Consumer Needs Receives Praise... Active Social Contribution Also Noted

Ilsin Geonyeong Co., Ltd. (CEO Tae-sung Jo), celebrating its 35th anniversary in 2024, has attracted attention by maintaining a stable trajectory despite the downturn in the construction market, ranking 74th in this year's construction capacity evaluation.

[Ilsin Geonyeong CI, Photo by Ilsin Geonyeong]

Since its establishment in October 1989, Ilsin Geonyeong Co., Ltd. has been actively operating in the domestic construction industry based on solid management rather than aggressive growth, and its brand apartment, ‘Humanville,’ is supplied nationwide, staying close to consumers.

In the 2023 construction capacity evaluation, Ilsin Geonyeong Co., Ltd. ranked 74th among construction companies nationwide, rising 42 places vertically compared to the previous year.

The construction capacity evaluation system, conducted by the Ministry of Land, Infrastructure and Transport, comprehensively assesses construction companies nationwide based on △the average annual amount of construction performance over the past three years △management and financial status △technical capability △credibility, converting the company’s ability to perform a single construction project into a monetary value. A higher ranking indicates a higher capability of the company.

In a situation where the construction industry is particularly contracted due to domestic and international economic downturns, Ilsin Geonyeong Co., Ltd.’s stable corporate operation based on solid management is even more meaningful.

Moreover, in May, the company received high ratings in credit evaluations from major institutions.

First, it received an A+ rating in the credit evaluation system conducted by the Housing and Urban Guarantee Corporation. This system evaluates the creditworthiness of companies involved in guarantee transactions based on their financial status and management capabilities. Ilsin Geonyeong Co., Ltd. was evaluated as an excellent company in various fields such as business risk, sales and brand competitiveness, and future corporate value.

Additionally, it obtained an AA rating in the credit evaluation grade conducted by the Construction Mutual Aid Association. This rating comprehensively evaluates a company’s financial status, non-financial conditions, and financial transactions to assess creditworthiness regarding management capabilities. Ilsin Geonyeong Co., Ltd. had maintained an 'A' credit rating for five consecutive years from 2018 to 2022, and in 2023, the rating was upgraded to 'AA.'

Ilsin Geonyeong Co., Ltd.’s brand apartment, ‘Humanville,’ has firmly established itself in the market, living up to its core value of ‘a residential space where family and neighbors are happy.’

The ‘Yeoju Station Humanville Artraum,’ which began occupancy at the end of May, received favorable reviews from consumers for its premium community facilities. Located in the Gyodong station area urban development project zone in Yeoju City, Gyeonggi Province, ‘Yeoju Station Humanville Artraum’ is a complex consisting of a total of 640 apartment units with exclusive areas ranging from 59 to 84 square meters.

A major reason why ‘Yeoju Station Humanville Artraum’ has received positive feedback from residents and surrounding demanders is the ‘H Book Club,’ one of its community facilities.

The ‘H Book Club’ is designed as a spacious duplex space with a great sense of openness and boasts excellent lighting through large glass windows that let in sunlight. Residents can enjoy reading and studying in a pleasant atmosphere. Notably, the ‘H Book Club’ was designed by Ilsin Geonyeong Co., Ltd. inspired by the lack of libraries in the Yeoju area, referencing the COEX Starfield Library in Samseong-dong, Seoul, and famous libraries worldwide.

In addition, community facilities such as the Humanville Lounge, fitness center, and Kids Station, where residents’ families, neighbors, and friends can chat, as well as a walking trail around the complex, have attracted attention as amenities typically seen in large apartment complexes in other regions.

Ilsin Geonyeong Co., Ltd. is also active in social contribution activities.

Last November, the company donated 1,200 briquettes to the Love Briquette Sharing campaign, continuing its annual winter donations. Through the Ilsin Scholarship Foundation, scholarships are provided to children of injured workers, low-income youth, students in child care facilities, and North Korean defectors. The company also continues to support free repairs of old houses for national veterans.

A representative of Ilsin Geonyeong Co., Ltd. stated, “We will create a desirable residential culture through continuous product development and service enhancement,” adding, “We will also grow further as a trusted company for customers while coexisting with partner companies.”

Meanwhile, Ilsin Geonyeong Co., Ltd. plans to supply the Ilsan Humanville Class One apartment complex, consisting of a total of 529 households, in the Pung-dong 2 district area of Goyang City, Gyeonggi Province, in February next year.

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