Business · Companies · 1 hr ago
Hyundai Engineering wins 599 billion won Yongsan redevelopment project
Hyundai Engineering was selected to lead a redevelopment project in the Hangang-ro area of Yongsan, Seoul.
The project covers 41,744 square metres near Samgakji, a station served by subway lines 4 and 6.
The plan includes 456 homes and 125 officetels, as well as office and retail space in buildings reaching up to 36 floors.
Hyundai Engineering proposed a total construction cost of 599 billion won.
The project links redevelopment around Samgakji with a park in front of the War Memorial of Korea.
Hyundai Engineering also proposed a luxury housing brand, resident facilities and a street mall connecting Samgakji with Yongsan-dan-gil.
The company has been chosen as contractor, and the project’s next steps were not specified.
Hyundai Construction was selected as contractor for the Hangang-ro District redevelopment project in Seoul’s Yongsan district.
The company proposed a total construction cost of 599 billion won.
The project covers 41,744 square metres and is planned to include 456 homes and 125 officetels.
The development will also include office and retail facilities, with buildings planned to reach up to 36 floors above ground.
- Who
- Hyundai Construction was selected as the contractor.
- What
- A redevelopment project in the Hangang-ro District, with a proposed construction cost of 599 billion won.
- When
- The selection was announced on November 1, 2026.
- Where
- Hangang-ro District, Yongsan district, Seoul, South Korea.
- Why
- Not stated
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- Proposed construction cost
- 599 billion won
- Project area
- 41,744 square metres
- Planned homes
- 456
- Planned officetels
- 125
- Maximum above-ground height
- 36 floors