Daewoo Engineering & Construction Bags Public Housing Project in Suwon

MT Newswires Live

2025/12/12

Daewoo Engineering & Construction (KRX:047040) has been chosen as the preferred bidder for a large-scale public housing construction project in Suwon, commissioned by the Korea Land and Housing Corporation (LH).

The contract, valued at approximately 298 billion South Korean won for Daewoo's 53% share of the total 562.2 billion won project, was confirmed by the company's board on Dec. 12.

This project award represents about 2.83% of the company's consolidated annual sales, which totalled 10.5 trillion won at the end of 2024.

Final and confirmed project details will be formally announced upon the future signing of the main contract with LH.

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