GS Construction and Gyeonggi Housing and Urban Corporation Join Forces to Promote High-Rise Modular Housing

GS Construction and Gyeonggi Housing and Urban Corporation (GH) are working to revitalize high-rise modular housing through domestic and international modular technology exchanges.

Heo Yunhong, CEO of GS Construction (from the left), Kim Seyong, President of GH, and Hong Hyunseong, CEO of Hyundai Engineering, are posing for a commemorative photo after signing a 'Business Agreement for the Realization of High-Rise Modular Technology' at the Suwon Convention Center on the 18th. / Photo by GS Construction

GS Construction announced on the 19th that it signed a "Business Agreement for the Realization of High-Rise Modular Technology" with GH and Hyundai Engineering at the Suwon Convention Center on the 18th. The signing ceremony was attended by Huh Yoonhong, CEO of GS Construction, Kim Seyong, President of GH, and Hong Hyunseong, CEO of Hyundai Engineering.

Under this agreement, each company will exchange comprehensive technology and information related to the modular business and systems, and discuss various measures to revitalize the high-rise modular housing business, including institutional improvements.

In particular, GS Construction strengthened its cooperation system when its steel modular specialized subsidiary, Elements, signed a business agreement for international modular technology exchange with GH in London, UK, on the 12th (local time).

GS Construction emphasized that it has secured both technology and business capabilities across the entire modular sector. In 2020, it acquired Elements and Danwood, a wooden modular specialized company, to absorb advanced modular technology and target the global housing and construction market. Additionally, it established GPC, a precast concrete manufacturing subsidiary equipped with automated production facilities, and Jaigaist, a domestic wooden modular detached house specialist company, thereby securing a domestic business foundation.

CEO Huh Yoonhong said, "Since entering the modular business in 2020, we have been dedicated to research and development to advance domestic modular technology based on overseas advanced modular technology. We will do our best to actively cooperate based on the advanced modular systems and technologies we have secured so far to further revitalize the domestic high-rise modular market."

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