Daewoo Engineering Wins 1.27 Trillion KRW Sinheung 3rd District Redevelopment Contract, Strengthening Revenue Base

Daewoo Engineering & Construction has won a contract from Korea Land and Housing Corporation for the Sinheung 3rd district public participation redevelopment project valued at approximately 1.27 trillion KRW.
This contract amount represents 15.75% of the company's 2025 consolidated sales of 8.05 trillion KRW, making it a major project.
The contract period is 54 months from the start of demolition work, and the amount and duration may change based on conditions.
The project involves constructing 24 buildings with 3,584 residential units and neighborhood facilities in Seongnam-si, Gyeonggi-do.
[AI Summary]Daewoo Engineering & Construction has demonstrated competitiveness in the public redevelopment market, securing a stable revenue base. The contract with Korea Land and Housing Corporation, a highly credible counterparty, is expected to positively impact future earnings.