Business · Companies · 2 hrs ago
DL E&C Sole Bidder for Gwangmyeong Apartment Redevelopment
DL E&C is the sole bidder to rebuild Haan Jugong 9, an apartment complex in Gwangmyeong, South Korea.
The company has submitted a proposal to the project’s administrator, Kyobo Asset Trust, after being the only participant in the contractor selection bid.
The plan calls for 2,218 homes in a rebuilt complex with towers up to 45 floors.
DL E&C proposed the name “e-Pyeonhansesang Gwangmyeong Rivermark” and says its design would add landscaping, community facilities and parking.
The project is estimated to cost 930.9 billion won, making the contractor selection a major decision for the redevelopment.
Kyobo Asset Trust will review the proposal, and a full meeting is scheduled for November 29 to decide whether to select DL E&C.
DL E&C was the sole bidder for the contractor role in the reconstruction of Haan Jugong Complex 9 in Gwangmyeong, South Korea.
The company submitted its bid proposal on October 22, according to an announcement the next day.
The project is planned to include 2,218 homes in a building with four basement levels and 45 floors above ground.
Kyobo Asset Trust will review the proposal before a general meeting on November 29 to select the contractor.
DL E&C proposed the complex name “e-Pyeonhansesang Gwangmyeong Rivermark.”
- Who
- DL E&C was the sole bidder. Kyobo Asset Trust is the project administrator.
- What
- DL E&C submitted a proposal for a contract to rebuild Haan Jugong Complex 9.
- When
- The proposal was submitted on October 22, 2026, and announced on October 23.
- Where
- Haan Jugong Complex 9 in Gwangmyeong, Gyeonggi Province, South Korea.
- Why
- The bid is part of selecting a contractor for the apartment complex’s reconstruction. The sources do not state a more specific reason.
This story does not have two clearly opposing sides.
DL E&C submitted its bid proposal for the reconstruction project.
DL E&C announced that it had submitted the proposal and was the sole bidder.
Kyobo Asset Trust is due to hold a general meeting to select the contractor.
- Bidder
- DL E&C was the sole bidder
- Project
- Reconstruction of Haan Jugong Complex 9
- Planned homes
- 2,218
- Planned height
- Four basement levels and 45 floors above ground
- Estimated construction cost
- 930.9 billion won
- Proposed complex name
- e-Pyeonhansesang Gwangmyeong Rivermark
1 source
What people are saying
We concentrated all our capabilities on preparing this proposal to ensure the success of the Haan Jugong Complex 9 reconstruction project.