Daewoo Shipbuilding & Marine Engineering Construction Wins 27 Billion KRW Jeju Hamdeok Apartment Complex Project

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, a subsidiary of Korea Technology, a KOSDAQ-listed company, announced on the 20th that it has successfully secured a contract worth 27 billion KRW for the Jeju Hamdeok apartment complex construction project.

From the left, Kwon Young-kwon, Executive Director of Daewoo Shipbuilding & Marine Engineering Construction, and Ko Tae-ju, CEO of Jeju Urban Construction Co., Ltd., are taking a commemorative photo for the Jeju Hamdeok apartment complex construction contract. / Photo by Daewoo Shipbuilding & Marine Engineering Construction

The project awarded to Daewoo Shipbuilding & Marine Engineering Construction is a new apartment complex construction worth 27 billion KRW located at 72-128 Hamdeok-ri, Jocheon-eup, Jeju City, Jeju Special Self-Governing Province.

This apartment complex consists of 15 townhouse buildings with 134 units, ranging from one basement floor to four above-ground floors, and will include residential units and auxiliary welfare facilities. The complex offers a lifestyle that combines nature-friendly living with urban conveniences.

The site for the apartment complex is in a natural green zone, providing a pleasant residential environment. Within 1 km, there are Hamdeok No.1 Children's Park, Saemmul Park, Grass Park, Hamdeok Beach, and Seoubong Trail, allowing residents to enjoy a life close to nature.

Additionally, within a 5-minute walking distance are prestigious educational institutions such as an attached kindergarten, Hamdeok Elementary School, and Hamdeok Middle School, forming a strong school district. The Jocheon-eup Library is also located within 1 km, providing abundant educational infrastructure.

The transportation environment is excellent. The apartment complex is adjacent to Jeju 1132 main road (Ilju Road), facilitating easy access to and from Jeju City, and Jeju Airport can be reached within 30 minutes, making inland travel convenient.

A company representative stated, “All units are oriented south, and the complex plans to include internal walking paths, water playgrounds, and outdoor plazas,” adding, “We will always strive to understand residents’ needs and build apartment complexes that align with the latest trends.”

Meanwhile, Daewoo Shipbuilding & Marine Engineering Construction is preparing for a new leap forward amid favorable conditions such as credit rating upgrades and explosive growth in order volume, having acquired Seongji Construction, which has strengths in the metropolitan area and large-scale national projects, in August.