en.Wedoany.com Reported - Samsung C&T Corporation's construction division announced on June 21, 2026, that it has been selected as the contractor for the reconstruction project of the Gaepo Woosung 4th District in Seoul's Gangnam District. The Gaepo Woosung 4th District Reconstruction Union held a general meeting the previous day and passed a resolution to select Samsung C&T as the contractor. The project is located at 465 Dogok-dong, Gangnam District, Seoul, with a total investment of approximately 814.5 billion won (about $6.3 billion). It plans to construct six buildings with four basement levels and 49 floors above ground, totaling 1,045 residential units and supporting welfare facilities.
Founded in 1938, Samsung C&T is one of the core subsidiaries of South Korea's Samsung Group, with businesses spanning construction, trading, food, and fashion. Its construction division is one of the leading building contractors in South Korea, having undertaken numerous large-scale infrastructure, residential, and commercial projects globally. The company has built world-renowned landmarks such as the Burj Khalifa in Dubai and the Petronas Twin Towers in Kuala Lumpur, Malaysia, accumulating extensive technical expertise and project management experience in super-tall building construction.
The Gaepo Woosung 4th District reconstruction project is located in Dogok-dong, Gangnam District, Seoul, within the city's core residential area. The site is adjacent to Mae-bong Station on Subway Line 3, just a three-minute walk away, making it a prime location near a subway station. The area boasts abundant educational resources, including Guryong Elementary School, Daechi Middle School, Sookmyung Girls' Middle School, and Sookmyung Girls' High School, and is close to the Daechi-dong private tutoring district, offering outstanding educational advantages. Additionally, the project is surrounded by well-established living infrastructure such as Yangjaecheon Stream, Mae-bong Mountain, and Gangnam Severance Hospital. Samsung C&T has proposed the community name "Raemian Dogok Palace" for the project. "Raemian" is Samsung C&T's high-end residential brand, which enjoys strong brand recognition in the South Korean real estate market.
This contract award marks another significant move by Samsung C&T in the residential market of Seoul's Gangnam core area, further solidifying its market position in South Korea's high-end residential construction sector. The project is expected to commence construction soon and, upon completion, will become a new landmark residential community in the Dogok-dong area of Gangnam District.
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