Hyundai Engineering & Construction (000720.KS) said its cumulative urban redevelopment orders reached 10.118 trillion won ($7.3 billion) this year, exceeding 10 trillion won for a second consecutive year. The company became the first South Korean builder to cross that threshold last year and again reached it ahead of competitors, 71 days earlier than in 2023. The latest wins comprise the reconstruction of Gwangjang Apartments 38-1 in Seoul’s Yeouido, the B-01 district redevelopment in Ulsan’s Nam-gu and the Myeongnyun district redevelopment in Daegu. Their construction costs total 1.7574 trillion won and include 405 apartment units in Seoul, 1,482 units in Ulsan and 1,082 apartments plus 92 officetel units in Daegu. Hyundai E&C has focused on a relatively small number of large, high-value projects, including Apgujeong districts 3 and 5, and plans to pursue sites such as Mokdong Complex 10 and the Yongsan Hangang-ro district to exceed its 12 trillion won annual target. Samsung C&T moved into second place in this year’s redevelopment-order rankings after winning the 1.8275 trillion won Seongsu strategic redevelopment District 3 project, taking its cumulative orders to 7.337 trillion won, ahead of GS E&C’s 5.5477 trillion won. Hoban Construction also surpassed 1 trillion won after winning two projects in Seoul.