Iksan City Operates Damage Reception Desk Related to Jeil Construction Bankruptcy

Material Supply and Subcontractor Companies, etc.

Iksan City, Jeonbuk Province, will operate a damage reception desk for subcontractors and others affected by the bankruptcy of Jeil Construction Co., Ltd.

According to the city on the 11th, Jeil Construction, established in Iksan in 1988, is a mid-sized company that has operated mainly in the construction of apartment complexes. However, it recently faced financial difficulties and was ultimately declared bankrupt.

Exterior view of Iksan City Hall.

Currently, Jeil Construction is building apartment complexes in Namjung-dong and Hamyeol-eup, Iksan, with progress rates confirmed at 83% and 73%, respectively. The city believes there is no possibility of damage to prospective residents as the Korea Housing & Urban Guarantee Corporation (HUG) provides guarantees.

However, to prepare support measures for related damages such as those to material suppliers and subcontractors, the city will operate a damage reception desk.

Affected companies can report to the Housing Division of Iksan City. Once damage details are received, the city plans to connect the companies to relief organizations and provide legal support.

A city official said, “It is regrettable that Jeil Construction, which has grown together with the region, is facing difficulties,” and added, “We will work together to help the local company Jeil Construction overcome this crisis and rebuild.”

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