en.Wedoany.com Reported - HJ Shipbuilding & Construction Co., Ltd., a comprehensive construction and shipbuilding company in South Korea, announced on June 18, 2026, that it has been selected by the Korea Expressway Corporation as the winning bidder for the "Jecheon to Yeongwol Expressway Construction Project (Section 3)." The contract amount is KRW 212.6 billion (approximately RMB 11.3 billion), with a construction period of 84 months from the start date. The project section is located in North Chungcheong Province, starting from Jakjak-dong, Jecheon-si, and ending at Daejeon-ri, Eosangcheon-myeon, Danyang-gun, covering a total length of 6.4 kilometers.
HJ Shipbuilding & Construction, formerly known as Chosun Heavy Industries founded in 1937 and later renamed Hanjin Heavy Industries & Construction, is headquartered in Busan, South Korea. The company's business encompasses both shipbuilding and construction, with the construction division primarily engaged in civil and building works such as roads, railways, ports, airports, apartments, and factories. In 2025, the company achieved operating revenue of approximately KRW 2 trillion and operating profit of KRW 67 billion; the construction division secured orders worth KRW 2.5 trillion that year.
According to the project plan, a new four-lane expressway with a width of 23.4 meters will be built over the 6.4-kilometer section, along with five bridges, one tunnel, and ancillary facilities such as drainage systems. The tender adopted a comprehensive evaluation system, with a total of 25 South Korean construction companies competing. HJ Shipbuilding & Construction serves as the lead partner with a 70% stake, forming a consortium with Shinseong Construction (10%), Uil Construction (10%), and Cheongin Construction (10%). HJ Shipbuilding & Construction has previously participated in major national transportation network projects, including the Donghae Expressway, Donghongcheon to Yangyang Expressway, Samcheok to Donghae Expressway, and Yeoju to Yangpyeong Expressway.
Established in 1969, the Korea Expressway Corporation is a state-owned enterprise managing most of South Korea's expressways, with a total managed length of 4,151 kilometers as of 2019, accounting for 87% of the national total. The Jecheon to Yeongwol Expressway is a key transportation infrastructure project connecting North Chungcheong Province and the southern region of Gangwon Province. Once completed, it will further enhance the transportation network in South Korea's central inland area. HJ Shipbuilding & Construction stated that it will work closely with its partners, prioritizing strict quality management and safety, to build this project into a premium expressway serving as a core regional infrastructure.
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