Daewoo wins 416.9 billion won share of Yongin chip cluster project

  • Daewoo Engineering & Construction won Zone 1 of LH’s Yongin semiconductor cluster project.
  • Daewoo’s consortium bid 868.6 billion won, with Daewoo holding a 416.9 billion won share.
  • Zone 1 covers 3.45 million square meters and includes Samsung Electronics’ planned first semiconductor fab.

Daewoo Engineering & Construction has secured the contract for Zone 1 of the Yongin advanced system semiconductor cluster national industrial complex, commissioned by Korea Land and Housing Corporation (LH). Its consortium scored 310.8 points in an evaluation conducted under the Construction Management at Risk method and submitted an 868.6 billion won bid, equivalent to about $639.1 million. Daewoo’s share is 416.9 billion won, or 48%, with Namkwang Construction, Jungheung Construction and Samho Construction as participating members. The project covers approximately 3.45 million square meters in Yongin’s Idong-eup and Namsa-eup areas, about 44% of the broader complex, including the planned site of Samsung Electronics’ first semiconductor fabrication plant. Construction is expected to begin within the year, with roads, water supply and sewage systems among the core infrastructure to be built.

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