Daewoo E&C Wins 1.44 Trillion Won Seoul Housing Redevelopment Contract

Daewoo Engineering & Construction signed a KRW 1.44 trillion contract for Seoul’s Sangdo District 15 housing redevelopment, excluding VAT. The Oct. 16, 2026, contract with Daishin Asset Trust represents 17.84% of 2025 consolidated revenue. The project includes 3,207 homes across 30 buildings, with neighborhood commercial facilities. Construction is scheduled to take 54 months from the actual start of work. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daewoo Engineering & Construction Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261016800313), on October 16, 2026, and is solely responsible for the information contained therein. (C)