iPark Hyundai Development Named Preferred Bidder for Sansu 2 District Redevelopment

• iPark Hyundai Development was named preferred bidder for the Sansu 2 district redevelopment project on Oct. 27, 2026.
• The estimated construction value is approximately KRW 589.5 billion, excluding VAT.
• Plans call for 1,728 homes across 17 buildings rising up to 39 stories, with two basement levels and ancillary facilities.
• The designation does not secure the construction contract; selection remains subject to a vote at a general meeting of association members.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. iPark Hyundai Development Co. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261027800715), on October 27, 2026, and is solely responsible for the information contained therein.