Hanwha Corporation’s E&C Division is a global construction player, which leverages its extensive experience and cutting-edge technologies across a diverse portfolio including industrial, chemical, residential, and power plants, as well as infrastructure projects, civil engineering works, and commercial buildings.
We have moved beyond constructing simple buildings to focus on complex development projects that combine residential, cultural, business, leisure, commercial, and social infrastructures.
The Suwon MICE Multi Complex, for example, is a flagship urban development project with multifunctional buildings, including a convention center, an aquarium, a department store, a hotel, and residential complexes. In 2023, we completed construction of the INSPIRE Entertainment Resort, located in Incheon, South Korea, a $1.55 billion development that includes a 5-star hotel, an arena, a convention center, a shopping mall, and a water park. In 2024, we initiated the construction of the Seoul Station North Area Development Project, which will be built as a landmark and transportation hub with unique infrastructure in the center of Seoul. In addition, we continue to work on large-scale projects, such as the development of the Daejeon Station District Complex, the Suseo Station Transit Center Complex, and Seoul’s Jamsil Sports MICE Complex.
In the short time since its launch in 2019, our residential brand FORENA has expanded its presence as a premium brand in the housing market. We are building landmark residential complexes in the nation’s major cities with the distinctive FORENA design concepts as well as residential products and services. We expect the FORENA brand value to further strengthen our competencies in complex development projects.
In environmental facilities, we rely on our core technologies, such as our self-developed Phosphate Removal Optimized Membrane Bio Reactor (PRO-MBR) advanced sewage treatment technology and patented technologies. By harnessing eco-friendly advanced technology, we provide total solutions for water treatment facilities from development to construction and operation. In 2023, we started the modernization project of the Daejeon sewage treatment plant, the largest private investment for a sewage treatment plant in South Korea, and sewage treatment facility projects worth millions of dollars are also underway in Pyeongtaek and Cheonan.
We are also achieving notable results in high-tech and specialized facilities, such as data centers and arenas. In 2023, we successfully constructed data centers for leading tech companies in Korea, including the Kakao Data Center in Ansan and the Samsung SDS Data Center in Dongtan. Additionally, we are accelerating developer-type projects that go beyond general construction by taking the lead in development, such as the Changwon IDC project, a hyperscale data center development project that began construction in 2024.
Hanwha Corporation's E&C Division also possesses unmatched expertise as the only construction company in Korea to have experience in building arenas at home and abroad. With the completion in 2023 of South Korea’s first arena, the INSPIRE Arena, the construction of Seoul Arena, which houses approximately 18,000 seats, as well as the world’s largest Philippine Arena, we are solidifying our leadership in arena construction.
Overseas, we are developing Bismayah New City in Iraq, the world's largest urban construction with infrastructure facilities that support 100,000 households, schools, government offices, and roads, as well as social infrastructure such as water and sewage facilities.
The northern area of Seoul Station development
INSPIRE Entertainment Resort in Incheon, South Korea
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