Daewoo Engineering & Construction has secured the largest contract this year from the Korea Land and Housing Corporation (LH) for the development of the Yongin Advanced System Semiconductor Cluster national industrial complex. The project is valued at 868.6 billion won, marking Daewoo's participation in establishing a key infrastructure for the nation's advanced industries.
On September 28, Daewoo announced that it was selected as the winning bidder for the 'Yongin Advanced System Semiconductor Cluster National Industrial Complex Construction Project, Section 1.' The consortium led by Daewoo received a total score of 310.8 points during the construction management responsibility (CMR) project plan evaluation.
This initiative is a major national project aimed at developing approximately 3.45 million square meters of land and structures in the areas of I-dong and Nam-sa in Yongin, Gyeonggi Province. It accounts for about 44% of the total site for the Yongin semiconductor national industrial complex and is the largest project commissioned by LH this year. The total bid amount is 868.6 billion won (excluding value-added tax), with Daewoo holding a 48% share, amounting to approximately 416.9 billion won.
Daewoo has built its experience in public projects by participating in large civil engineering works and public housing projects commissioned by LH. Over the past three years, it has completed seven public housing projects involving private participation and has also engaged in large-scale public-private development projects, including the Gwacheon Knowledge Information Town.
The company is also expanding its collaboration with LH in urban renewal projects, participating in the redevelopment of Seongnam Sujin District 1 and the public redevelopment of Cheonho A1-1 District, among others.
In the large infrastructure sector, Daewoo is involved in key national projects such as the construction of the Gadeokdo New Airport and the Hongcheon Pumped Storage Power Plant, broadening its business scope. Daewoo plans to continue its participation in the development of critical national infrastructure and advanced industrial bases based on this recent contract.
A Daewoo representative stated, "Winning the Yongin semiconductor national industrial complex Section 1 contract is a recognition of Daewoo's civil engineering capabilities, collaboration with LH, and ability to execute large national projects. As this project lays the foundation for the nation's advanced industries and future growth, we will focus on safety, quality, and schedule management, and work closely with relevant agencies to ensure the project proceeds without any issues."
* This article has been translated by AI.
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