Shinyoung C&D, a construction subsidiary of Shinyoung Group, is expanding its business by securing contracts for both a casino and a columbarium. The company anticipates its total contract value for the year will reach approximately 700 billion won as it broadens its scope beyond existing office and public projects to include tourism, leisure, and burial facilities.
On November 10, Shinyoung C&D announced that it was selected as the top bidder for the construction of the second Gangwon Land Casino, which was commissioned by the Public Procurement Service last month. The project involves creating a casino facility with two underground levels and four above-ground levels in Jeongseon County, Gangwon Province, along with renovations to existing tourism and accommodation facilities.
The contract is valued at about 74.1 billion won and will be executed through a joint venture in which Shinyoung C&D holds a 65% stake. Seorim General Construction and Daehwa Construction will participate with 20% and 15% stakes, respectively, and the project is expected to take approximately 23 months.
On October 27, the company signed a contract worth around 62 billion won with the Yongin Park Foundation for the construction of the Yongin Honor Stone 2 columbarium. This project will establish a columbarium and community facilities in the Choburi area of Mohyeon-myeon, Yongin City, with a construction period of 24 months. This marks Shinyoung C&D's first involvement in burial facility construction.
The company continues to secure contracts in the office and public sectors as well. It began construction on the Krafton office facility in Seongsu-dong in August and signed contracts in September for the DHK headquarters in Pangyo Techno Valley and the Seragem Healthcare Inno Town in Gwacheon. It has also secured a contract for sewer maintenance in Munseong and Paju.
Shinyoung C&D is expanding its business portfolio to include maintenance projects, self-developed projects, office facilities, public works, and special facilities. The company expects its contract value for the year to reach approximately 700 billion won. Lee Seung-min, CEO of Shinyoung C&D, stated, "We are recognized for our construction capabilities in special facilities such as casinos and columbariums, and we aim to strengthen our competitive edge to enter the top 100 in construction capability evaluations by 2027."
* This article has been translated by AI.
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