Daebo Construction has secured a contract worth approximately 210.7 billion won for the Gao-dong 1 district reconstruction project in Daejeon.
On October 26, Daebo Construction announced that it was selected as the contractor during the general assembly of the Gao-dong 1 district reconstruction project association held on October 24.
The project involves redeveloping the existing 460 housing units into a total of 700 units across eight buildings, with two basement levels and a maximum height of 35 stories, along with community facilities. The total construction cost is estimated at around 210.7 billion won.
Daebo Construction has recently won contracts for the Gyeonggi-do Highway and the Asan Tangjeong 2 urban development project, surpassing a cumulative contract amount of 1 trillion won this year. The company is also expanding its business scope into urban maintenance projects by increasing its workforce and organizational capacity.
Having primarily grown through public works, Daebo Construction launched its apartment brand 'hausD' in 2014 and has a track record of constructing over 70,000 units of both private and public apartments.
A Daebo Construction official stated, "Based on our accumulated construction experience and technology, we will develop Gao-dong 1 district into a high-quality residential complex and plan to focus our capabilities on urban maintenance projects in the future."
* This article has been translated by AI.
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