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Hoban Construction wins $170 million Gunpo redevelopment project
🇰🇷 South Korea /Energy & Infrastructure

Hoban Construction wins $170 million Gunpo redevelopment project

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

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  • Hoban Construction has secured a 230 billion won (approximately $170 million USD) urban redevelopment project in Geumjeong District 3, Gunpo City, Gyeonggi Province.
  • The project involves constructing six buildings with 656 apartment units and commercial facilities, reaching up to 35 stories high.
  • The site is strategically located near Geumjeong Station, a major transit hub served by subway lines 1 and 4.

Hoban Construction has been selected as the contractor for the Geumjeong District 3 redevelopment project in Gunpo City, Gyeonggi Province, a significant undertaking with a total construction cost of 230 billion won (approximately $170 million USD).

The project, located in the Geumjeong-dong area, will transform the site into a modern complex featuring six buildings. These will house 656 apartment units and accompanying commercial facilities, with structures reaching up to 35 stories high. The development aims to revitalize the urban landscape and provide new housing and commercial spaces.

Geumjeong District 3's strategic location is a key advantage. Situated near Geumjeong Station, it offers residents excellent connectivity through subway lines 1 and 4. This accessibility is expected to enhance the project's appeal to future residents and businesses.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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