DL E&C Wins KRW 398.2 Billion Contract for Korean Reinsurance New Headquarters Construction

DL E&C announced on April 17 that it has won the contract for the construction of the ‘Korean Reinsurance New Headquarters’ to be built at 80 Susong-dong, Jongno-gu, Seoul. The construction cost is KRW 398.2 billion.

The new headquarters project for Korean Reinsurance, a global reinsurance company, aims to enhance the work environment and revitalize the local area by expanding urban green spaces and cultural facilities.

A rendering of the 'Korean Reinsurance New Headquarters' to be built in Susong-dong, Jongno-gu, Seoul. Provided by DL E&C

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The new headquarters will be built on a land area of 7,260 square meters, with a total floor area of 112,600 square meters, comprising eight underground floors and 21 above-ground floors. Construction will begin next month, with completion scheduled for July 2030 as a prime office building. The building will feature a concert hall with 510 seats and an open green space of more than 2,600 square meters.

DL E&C has previously constructed prime office buildings in Seoul’s core business districts (CBD), such as Gwanghwamun D Tower and Namdaemun Grand Central. Through this project, the company expects the Korean Reinsurance New Headquarters to be reborn as a city landmark with the function of a green multi-purpose facility.

A DL E&C official stated, “The construction of the Korean Reinsurance New Headquarters is an opportunity to showcase DL E&C’s high-end architectural technology and high-quality construction capabilities,” adding, “We will make every effort to complete it as a landmark prime office building in the CBD.”

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