In the "Construction Company Construction Capability Evaluation" announced by the Ministry of Land, Infrastructure and Transport in July 2025, Shinwon General Development (CEO Kim Sungmin) rose 22 places from 115th in the previous year to rank 93rd, entering the top 100.
Over the past five years, the company has climbed an average of about 24 places annually, surging from 210th to 93rd. This remarkable progress is considered a notable achievement amid a sluggish construction market.
The main factor behind this success is Shinwon General Development's well-balanced business portfolio, which includes "Achim Dosi" (apartments), "Upper House" (high-end villas), government construction projects, and plants (semiconductors, cleanrooms, specialty gases, logistics centers). In particular, the company achieved outstanding results in the industry, recording contract awards worth 206.6 billion KRW in government projects alone in 2024.
It is especially noteworthy that, following a change in management rights in 2016, the company restructured its business strategy, including entry into the high-end luxury villa market (brand: Upper House). Shinwon General Development established a more agile and flexible decision-making system and laid the foundation for autonomous organizational management based on responsible management by improving its organizational structure.
Furthermore, Shinwon General Development continues to achieve stable growth even in uncertain market conditions, thanks to its diversified business structure and planning capabilities that are not biased toward any particular field.
In practice, Shinwon General Development is continuously building a comprehensive foundation for growth by strengthening its competitiveness in securing contracts, focusing on quality control at construction sites, and maintaining financial soundness. Recently, the company won consecutive contracts for urban housing renewal projects in Wonjong-dong, Ojeong-gu, Bucheon, and Geongeon-dong, Sangnok-gu, Ansan.
In the fields of reconstruction and redevelopment projects, the company has also been recognized for its achievements in design and project execution capabilities. Based on these results, Shinwon General Development is firmly establishing itself as an emerging powerhouse in the redevelopment sector within the Seoul metropolitan area.
A representative of Shinwon General Development stated, "Even under challenging market conditions, we were able to improve our construction capability ranking thanks to portfolio diversification and sound management," adding, "We will continue to do our best to achieve sustainable growth and earn customer trust under our core values of 'challenge and responsibility.'"
Meanwhile, the Construction Company Construction Capability Evaluation is a system that comprehensively evaluates a construction company's project performance, management status, technical capability, and credibility. It is one of the most important criteria for determining eligibility to bid and selecting contractors in both the public and private sectors.
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