Hanwha Corporation’s E&C Division is a global construction player, which leverages its extensive experience in construction projects and applies new technologies and subject matter expertise across a wide range of projects, from industrial, chemical, and power plants to civil engineering works, commercial buildings and more. With the goal of becoming a Green Infrastructure Developer, we are growing into a leader in large-scale complex development and eco-friendly energy projects, as well as high-tech and special facility construction.
We have moved beyond constructing simple buildings to focus on complex development projects that combine residential, cultural, business, leisure, commercial, and social infrastructures.
The Suwon MICE Multi Complex, for example, is a flagship urban development project with multifunctional buildings, including a convention center, an aquarium, a department store, a hotel, and residential complexes. In 2023, we completed construction of Inspire Entertainment Resort, located in Incheon, Korea, including a 5-star hotel, an arena, a convention center, a shopping mall, and a water park, worth approximately USD $1.55 billion. In addition, we have successfully carried out large-scale projects, such as the development of northern area of Seoul Station, the eastern part of Daejeon Station, the Suseo Station Transit Center Complex and Seoul’s Jamsil Sports Complex.
In the short time since its launch in 2019, our residential brand FORENA has expanded its presence as a premium brand in the housing market. We are building landmark residential complexes in the nation’s major cities with the distinctive FORENA design concepts as well as residential products and services. We expect the FORENA brand value to further strengthen our competencies in complex development projects.
In environmental facilities, we rely on our core technologies, such as our self-developed Phosphate Removal Optimized Membrane Bio Reactor (PRO-MBR) advanced sewage treatment technology and patented technologies. By harnessing eco-friendly advanced technology, we provide total solutions for water treatment facilities from development to construction and operation. In 2023, we started the modernization project of the Daejeon sewage treatment plant, the largest private investment for a sewage treatment plant in South Korea, and sewage treatment facility projects worth millions of dollars are also underway in Pyeongtaek and Cheonan.
We are also achieving notable results in high-tech and specialized facilities, such as data centers and arenas. In 2023, we successfully constructed data centers for leading tech companies in Korea, including the Kakao Data Center in Ansan and the Samsung SDS Data Center in Dongtan. Additionally, we are accelerating developer-type projects that go beyond general construction by taking the lead in development, such as the Changwon IDC project, a hyperscale data center development project.
Hanwha Corporation E&C Division also possesses unmatched expertise, as the only construction company in Korea to have experience in building arenas at home and abroad. All three large-scale arenas built in Korea, including Inspire Arena, completed in 2023, CJ Live City Arena with approximately 20,000 seats, and Seoul Arena with approximately 18,000 seats, were all built by us.
Overseas, we are developing Bismayah New City in Iraq, the world's largest urban construction with infrastructure facilities that support 100,000 households, schools, government offices, and roads as well as social infrastructure, such as water and sewage facilities. We have also demonstrated our technological prowess by successfully building the world’s largest domed arena in the Philippines, and power and petrochemical plants in the Middle East and North Africa.
The northern area of Seoul Station development
INSPIRE Entertainment Resort in Incheon, South Korea
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