Hyundai Engineering & Construction Selected as Contractor for Mokdong Complex 10 Reconstruction, Reaches KRW 12 Trillion in Annual Urban Renewal Orders

KRW 2.6 Trillion in Construction Costs... The H Brand to Debut in Mokdong

Hyundai Engineering & Construction said it was finally selected as the construction contractor at the general meeting for the Mokdong Complex 10 reconstruction project held on October 18. The project will replace the existing 2,160-unit apartment complex in the area around 311 Sinjeong-dong, Yangcheon-gu, Seoul, with a residential complex of up to 40 stories comprising 4,248 units, along with ancillary and community facilities. Korea Land Trust will oversee the project, which has a total construction cost of approximately KRW 2.6136 trillion.

With this contract, Hyundai Engineering & Construction has secured construction rights for a reconstruction project in the Mokdong New Town for the first time. Developed in the 1980s as 14 complexes, Mokdong New Town is considered one of the leading residential areas in southwestern Seoul. Hyundai Engineering & Construction decided to introduce its high-end The H brand to Mokdong for the first time and proposed The H Mokdong Esser as the complex’s name. Esser means the number 10 in Hebrew.

Perspective rendering of THE H Mokdong Eser. Courtesy of Hyundai Engineering & Construction.

The company said it would apply its “All Life Campus” concept, incorporating education throughout the residential space. It completed the design in collaboration with the overseas architectural firm Morphosis and the integrated design group Sasaki. Morphosis was founded by Thom Mayne, a Pritzker Prize laureate, while Sasaki has experience designing campuses for leading universities around the world.

With this contract, Hyundai Engineering & Construction has met its annual urban renewal project order target of KRW 12 trillion for this year (nine sites, with a total construction value of KRW 12.7315 trillion). It has exceeded KRW 10 trillion in orders for the second consecutive year. A company representative said, “By bringing together Hyundai Engineering & Construction’s technological expertise, The H’s brand competitiveness, and its global design capabilities, we will carry forward the educational pride Mokdong has built into future residential value and create a premium residential complex whose value will be recognized even as time passes.”

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