True
A consortium led by Daewoo E&C has been selected for the 868.6 billion won construction contract for Section 1 (1-gonggu) of the Yongin Semiconductor National Industrial Complex, according to reporting and materials dated September 29, 2026.
The order, valued at 868.6 billion won, covers Section 1 of the Yongin Semiconductor National Industrial Complex, a key site in South Korea's push to cluster semiconductor manufacturing and related infrastructure south of Seoul. Daewoo E&C heads the winning consortium, with the award announced on September 29, 2026.
The Yongin complex is positioned as a major national project tied to the semiconductor supply chain, and the Section 1 works represent a substantial early contract for the site's development. Details on the consortium's other members, the construction schedule and the client's identity were not specified in the materials reviewed for this report.
A contract of this size is a meaningful addition to Daewoo E&C's order backlog and strengthens its position in the growing market for semiconductor-related construction. National industrial complex projects linked to chip manufacturing have become an increasingly important segment for South Korean builders as the government promotes domestic semiconductor investment.
The company published images related to the award on its official website, and the contract was also covered by news agency and news outlet reports on the same day. Broader financial terms, subcontracting arrangements and the expected completion timeline were not disclosed in the available materials.
The claim that a Daewoo E&C consortium won the 868.6 billion won contract for Section 1 of the Yongin Semiconductor National Industrial Complex is True.
