Samsung C&T won the redevelopment order for Hannam District 4 in Yongsan-gu, Seoul, where the first and second-largest companies in the construction industry competed.
With this order, Samsung has further strengthened its position by entering the Hannam New Town business, and there is still a task to keep the unprecedented promises that have been poured out of the order.
I'm reporter Kim Ki-bong.
[Reporter]
The Hannam District 4 order competition, which competed across the company with pride and practicality at once, ended with the victory of Samsung C&T, the No. 1 player in the industry.
After four intense rounds of raw and aggressive presentations, the union chose Samsung by a double margin.
[Samsung C&T Construction Division Executive: I believe it is the best complex (to win the order for the 4th Hannam District). Samsung C&T has never stopped construction while I was in the business until now..]
The selection of a contractor for a maintenance project is routine, but this order was a very unusual match.
This is because it is a large-scale business with 1.6 trillion won and excellent business potential, and the vision of the two companies, "Hyundai Town Expansion" and "Hannam New Town Entry", is combined.
Samsung C&T has proposed securing 100% of the members' households' view of the Han River, paying 31.4 billion won for the construction cost increase before the start of construction, lending 150% of LTV's migration expenses, and a maximum four-year grace period for the members' contribution.
Hyundai Engineering & Construction claimed that Samsung C&T's design structure made it impossible to have a 100% view and that its apartment secured more view, but it failed to move the hearts of its members.
It is interpreted that Samsung C&T, which has solidified its position with this order, has also gained an advantage in winning the Apgujeong District 3, which is considered the biggest fish in the Seoul redevelopment project.
[Ko Jong-wan / Director of Korea Asset Management Research Institute: Given that all of the company's capabilities and recognition have been publicly recognized through bloody order-taking, we believe it has gained a very favorable position in the competition for orders in other workplaces.]
However, the pledges to open famous Daechi-dong academies and Gangnam healthcare brands in addition to various unconventional conditions remain a heavy task.
I'm Kim Ki-bong of YTN.
Video editing: Lee Eun-kyung
Design: Baek Seungmin
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