Founder of Bando Construction Kwon Hong-sa, 50 Years of Steadfast Construction Career...

- 'Eventful' 50 Years in Construction Life... From Boarding House Start to Growing into Korea's 14th Largest Construction Company by Master Craftsman
- From 1979 Busan Choeup Bando Mansion to 2020 LA Mixed-Use Residential and Commercial Building in the USA

Bando Construction is leaping forward into a new era, surpassing its 50th anniversary. Under the passionate leadership of Chairman Kwon Hong-sa, who emphasizes the need to possess strong vitality like the plant 질경이 (Jilgyeongi) that blooms white flowers even after being trampled and crushed, Bando Construction has risen to become the 14th largest major construction company in Korea by showcasing outstanding technology and know-how in various fields including housing projects, civil engineering, overseas development, national infrastructure construction, complex buildings, and branded commercial spaces.

- Chairman Kwon Hong-sa's Construction Philosophy

Summarizing Chairman Kwon Hong-sa’s success story reveals his management skill of turning crises into opportunities, his strength in taking on and succeeding in projects others give up on, and his combative bravery to break through difficulties even by risking a game of Russian roulette. Those around him say, “When an ordinary person trips over a stone and falls, they might get a nosebleed or a bump on the forehead, but when Chairman Kwon falls, he not only doesn’t get hurt but rather gets up holding a gold ring.”

- Starting from Renovated Hanok Housing Projects... Overcoming the IMF Crisis with Bold Choices

Chairman Kwon established a private company in May 1970 in Busan and took Bando Construction’s first step by building a boarding house with 30 rooms. For about 10 years until 1979, he built his expertise by supplying around 100 single-family houses and small buildings throughout Busan. At that time, Chairman Kwon was known as ‘Kwon Gisa’ among real estate agents in Busan, and houses built by ‘Kwon Gisa’ were considered sturdy and trustworthy.

From 1979, based on a capital of 100 million KRW, he founded Bando Housing Co., Ltd. and entered the full-scale apartment business by constructing the ‘Choeup Bando Apartment’ with 40 units in Choeup-dong, Busanjin-gu. He then introduced Bando Mansions in areas such as Goejeong-dong, Suan-dong, and Daeyeon-dong, developing into a solid company building over 200 apartment units within about five years.

Having steadily accumulated experience and technical skills through large-scale projects of over 1,000 units, Bando Construction rose in the 1990s as a representative construction company in the Busan and Gyeongnam regions.

- Successful Entry into the Seoul Metropolitan Area Followed by Overseas Market Development... Currently Constructing Mixed-Use Residential Complexes in Dubai and Los Angeles, USA!

In 1999, Bando Construction, which had built its reputation in Busan and Gyeongnam, entered the Seoul metropolitan area by launching a large apartment complex with 1,326 units in the Naeson Residential District, Uiwang, Gyeonggi Province. Chairman Kwon personally participated in the design, revising every door and direction over 500 times, showing great dedication. This led to successful sales and laid the foundation for pioneering the metropolitan market.

Later, in 2004, the ‘Dongtan Prototype Complex Bando Yubora’ in Dongtan New Town recorded the highest subscription competition rate of 200:1. In 2006, the apartment brand ‘Yubora’ was newly launched, achieving successive successful sales nationwide in areas such as Gimpo Hangang New Town, Dangsan-dong in Seoul, Cheongna International City, Dongtan New Town, Dasan New Town in Namyangju, Wonju, Yangpyeong, Daegu, Yangsan, Sejong, Changwon, and Ulsan. The ‘Yubora’ brand value was further enhanced as a “very premium,” “first,” and “new concept education-specialized” complex.

- Demonstrating Exceptional Business Capability in Overseas Construction as Well

In 2011, Bando Construction became the first in the domestic construction industry to complete the Middle East’s self-developed project, the ‘Dubai Yubora Tower,’ marking the first Korean-owned building in the Middle East. The project was successfully completed by mobilizing domestic technology from land acquisition to implementation and construction. In January of this year, Bando Construction entered the notoriously demanding U.S. construction market by commencing the ‘The BORA 3170’ mixed-use residential complex project in downtown Los Angeles. This project, directly managed from land acquisition to permits, construction, and supply, established the image of Korea as a construction powerhouse in the U.S. market, which has high entry barriers for domestic construction companies.

- Strengthening Public Sector Orders and Aggressively Diversifying Business into Redevelopment and Reconstruction

Amid a domestic shortage of public land supply, Bando Construction shines even more by actively acquiring “private development sites,” which are difficult to obtain permits and develop, based on 50 years of developer experience. In 2017, it acquired the NH Nonghyup Yeongdeungpo Market Station branch in Yeongdeungpo, followed by the acquisition of Yeongdeungpo Roy Building and Anyang Samsung Life Pyeongchon Office in 2018, and the purchase of the Woosong Feed site in Dujeong-dong, Cheonan in 2019. Bando Construction is developing these sites into apartments, knowledge industry centers, urban lifestyle housing, and officetels. In the public sector, it won seven public/private projects in 2020 alone, including the ‘Busan Port North Port Phase 1 Redevelopment Project Waterfront Park Construction’ and the ‘Changwon Gapo Public Housing District Development Project Management.’ In December of the same year, it secured the Bucheon Dongseong Apartment Reconstruction Project and the Changwon Masan Banwol District Redevelopment Project, and is actively pursuing regional housing projects such as Incheon Yonghyeon 8 District, Incheon Michu 2 District, and Changwon Naegok Edu County.

Bando Construction is pioneering new breakthroughs by rapidly diversifying its business areas in the rapidly changing construction environment, showcasing outstanding technology and know-how not only in housing projects but also in architecture, civil engineering, overseas development, national infrastructure construction, complex buildings, and branded commercial spaces.

This content was produced with the assistance of AI translation services.