GS Engineering & Construction Secures KRW637.4 Billion Redevelopment Project

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GS Engineering & Construction (KRX:006360) secured a construction order for the Suyeong Zone 1 redevelopment project, according to a Thursday filing with the Korea Exchange.

The contract amounts to 637.4 billion won and involves the construction of a residential complex comprising 8 buildings (three basement levels and 42 above-ground levels) with 1,533 housing units, along with ancillary and welfare facilities.

The contract is effective for 46 months from the construction's start date.

Shares of GS Engineering & Construction fell nearly 1% in recent trade.

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