True
Daewoo E&C has secured an 868.6 billion won construction contract for Section 1 of the Yongin semiconductor industrial complex, a large-scale project under way in Yongin, Gyeonggi Province.
Daewoo E&C has been selected for the Section 1 (1gonggu) construction works of the Yongin semiconductor industrial complex, with the contract valued at 868.6 billion won. The award marks one of the significant orders tied to the development of the Yongin site, which is being developed as a major semiconductor manufacturing hub in South Korea.
The Yongin cluster is a cornerstone of the country's semiconductor expansion efforts, anchored by large-scale investment in chip production capacity. Construction contracts for the site's infrastructure and plant works are considered high-value projects, and the Section 1 award positions Daewoo E&C among the key builders involved in the cluster's development.
The Yongin semiconductor industrial complex has drawn attention as one of the largest chip manufacturing site developments in Korea, reflecting sustained demand for new fabrication capacity driven by growth in AI, memory and foundry-related production. Winning a works package of this scale provides Daewoo E&C with a substantial order backlog in the plant and industrial facility construction segment.
The 868.6 billion won figure represents the value of the Section 1 works awarded to Daewoo E&C. Further details regarding the construction schedule, scope breakdown and additional contract awards for other sections of the complex were not specified in the available information.
The claim that Daewoo E&C won the 868.6 billion won Yongin semiconductor industrial complex Section 1 construction works is True.
