[Asia Economy Reporter Jang Hyowon] Woojin INS is showing strong performance. This is interpreted as the company's track record of winning MICE construction contracts being highlighted amid news that 11 trillion KRW will be invested in MICE infrastructure development by 2030.
As of 9:20 AM on the 5th, Woojin INS is trading at 5,370 KRW, up 3.67% from the previous day.
According to industry sources on the day, a record-high 11 trillion KRW will be invested by both public and private sectors in MICE infrastructure development by 2030. Starting with Magok in Seoul in 2024, followed by the northern part of Seoul Station in 2026, and Jamsil in 2030, Seoul will see the establishment of complex districts. The total investment by private companies such as Hanwha and Lotte alone exceeds 6 trillion KRW.
Woojin INS announced last October that it won a mechanical equipment construction contract worth 16.5495 billion KRW for the Magok MICE complex development project (CP1) from Lotte Construction.
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