Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks.

South Korea: Five Largest Construction Projects Started in Q1 2022

  • With a project value of $10,000 million, the Samsung – Pyeongtaek P4 Chip Production Plant – Gyeonggi-do project was the largest construction project in South Korea, on which construction started in Q1 2022. The Samsung – Pyeongtaek P4 Chip Production Plant – Gyeonggi-do project is located in South Korea and initially announced in Q1 2021 with an estimated completion in Q2 2024. The CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project was the second-largest project with a project value of $660 million, on which construction work started in Q1 2022. The CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project is located in Seongnam-si, South Korea and initially announced in Q3 2021 with an estimated completion in Q2 2024.

  • The Equinix/GIC – Seoul xScale Data Centers – South Korea project was the third-largest project, the LG Chem/Tianjin B&M – Gumi Cathode Material Manufacturing Plant – Gyeongsangbuk-do was the fourth-largest project, and the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province was the fifth-largest project with a project value of $525 million, $424 million and $306 million respectively. The Equinix/GIC – Seoul xScale Data Centers – South Korea project located in Seoul(CITY), South Korea was announced in Q2 2021 with an estimated completion in Q3 2025, the LG Chem/Tianjin B&M – Gumi Cathode Material Manufacturing Plant – Gyeongsangbuk-do project located in Gumi, South Korea was announced in Q1 2019 with an estimated completion in Q4 2024 and the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province project located in South Korea was announced in Q1 2020 with an estimated completion in Q1 2027.

  • Among the five largest projects, the Hyundai E&C – Hyundai Sungwoo 8 Apartment Redevelopment – Gyeonggi-do Province project is the longest in terms of completion date, with construction expected to be completed in Q1 2027. On the other hand, the CPPIB/PACIFIC AMC/Dreammark 1/GS Retail/SIC – The Jukjeon Data Center – Gyeonggi-do project is the shortest in terms of completion date, with construction expected to be completed in Q2 2024.

South Korea: Five Largest Construction Projects Started in Q1 2022

Published: July 2022
Source: GlobalData

Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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