Daewoo Engineering & Construction Wins Bid for Section 1 of Yongin Semiconductor National Industrial Complex Construction

The Largest Project Commissioned by LH This Year

The company announced on September 29 that the Daewoo Engineering & Construction consortium has been selected as the successful bidder for Section 1 of the "Yongin Advanced System Semiconductor Cluster National Industrial Complex Construction Project," which was commissioned by Korea Land & Housing Corporation (LH). In the business plan review for this project, which was carried out under the Construction Management at Risk (CMR) method, the Daewoo Engineering & Construction consortium achieved the highest total score of 310.8 points.

This project is a national project to build a complex and structures covering approximately 3.45 million square meters in the Idong-eup and Namsa-eup areas of Yongin-si, Gyeonggi Province. The zone is a core area that accounts for about 44% of the total site of the Yongin Semiconductor National Industrial Complex. Among all projects commissioned by LH this year, it is the largest in scale. The total bid amount is 868.6 billion won (excluding VAT), of which Daewoo Engineering & Construction, as the lead company with a 48% stake, secured 416.9 billion won. The consortium also includes Namkwang Engineering & Construction (40%), Joongheung Construction (7%), and Samho (5%).

Location map of Section 1 and Section 2 of the Yongin Semiconductor Cluster National Industrial Complex Construction Project. Provided by LH

Daewoo Engineering & Construction has carried out various public projects with LH. The company has actively participated in public housing projects with private sector involvement ordered by LH, completing seven initiatives over the past three years. Based on this accumulated experience, the company reportedly conducted a detailed analysis of the project’s characteristics and requirements in this review and presented a differentiated business plan. In addition, Daewoo has strengthened its competitiveness in the field of large national projects by participating in major state infrastructure projects such as the construction of the Gadukdo New Airport site and the Hongcheon Pumped Storage Power Plant, according to the company.

A Daewoo Engineering & Construction official stated, "This achievement recognizes our excellent civil engineering capabilities, ability to collaborate with LH, and experience executing large-scale national projects. As this project serves as the backbone of the nation’s advanced industries and future growth engine, we will take on this responsibility with a strong sense of commitment, thoroughly managing safety, quality, and processes while closely cooperating with related agencies to ensure the smooth development of the Yongin Semiconductor National Industrial Complex through an all-out companywide effort."

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