Sinyeong C&D to Build Kangwon Land's Second Casino... Cumulative Contract Wins Expected to Reach 700 Billion Won

Artist's rendering of Kangwon Land's second casino facility (Image provided by Shinyoung C&D)

Sinyeong C&D has won contracts for construction work on the second casino venue at Kangwon Land in Jeongseon County, Gangwon Province, and a new columbarium at Honorstone 2 in Yongin, Gyeonggi Province.

Sinyeong C&D announced on November 10 that it had been selected as the top-ranked bidder under the comprehensive evaluation bidding system for the architectural work on the second casino venue at Kangwon Land, commissioned by the Public Procurement Service.

The project involves building a casino venue with two basement levels and four floors above ground on the Kangwon Land site around 424 Hi-One-gil, Jeongseon County, Gangwon State, as well as renovating tourism lodging and entertainment facilities.

The contract is worth approximately 74.1 billion won, with a construction period of about 23 months. Sinyeong C&D will carry out the work in a joint venture with Seorim General Construction and Daehwa Construction.

Sinyeong C&D also announced that it signed a construction contract on October 27 with Yongin Park, the country’s only full-service end-of-life platform encompassing funeral services, burial plots, and columbaria, for a new columbarium at Honorstone 2 in Yongin.

The project involves building a columbarium and neighborhood commercial facilities around 699 Chobu-ri, Mohyeon-eup, Cheoin-gu, Yongin. The contract is worth approximately 62 billion won, and the construction period is 24 months.

Earlier, Sinyeong C&D also signed construction contracts in August for a new office facility in Seongsu-dong 2-ga for Krafton, and in September for a new DHK headquarters at E4-2BL in Pangyo Second Techno Valley and a new Ceragem Healthcare Inno Town in Gwacheon.

Sinyeong C&D expects its cumulative contract wins this year to reach 700 billion won.

“Our construction capabilities are being recognized in specialized facilities such as casinos and columbaria, and diversifying our order portfolio is producing tangible results,” said Lee Seung-min, CEO of Sinyeong C&D. “We are now even closer to our goal of entering the top 100 in next year’s construction capability rankings.”

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