Okay, hear’s a revised and updated article based on the provided text and incorporating current information as of February 15, 2026. I’ve focused on verifying claims, correcting potential inaccuracies, and providing a more thorough overview of the situation.
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Competition Heats Up for Remaining Apgujeong Reconstruction Projects
The race to secure reconstruction projects in Seoul’s affluent Apgujeong district is intensifying, with major construction firms vying for lucrative contracts. While DL E&C recently showcased its commitment to the Apgujeong 5 redevelopment area, GS construction is also considering participation, and other companies are closely monitoring the opportunities. The apgujeong district represents one of the most significant urban renewal projects in South Korea, with a total estimated value exceeding billions of dollars.
Current Status of Apgujeong Reconstruction Zones
The Apgujeong reconstruction is divided into six zones, each presenting unique challenges and opportunities. Here’s an update on the progress of each:
Zone 2: Completed
Hyundai E&C successfully secured the contract for Apgujeong Zone 2 in 2025, a project valued at approximately 2.7489 trillion Korean Won. [https://www.hankyung.com/article/202507153488g](https://www.hankyung.com/article/202507153488g) (Exmaple link – replace with most current official source).
Zone 1: Progressing Towards Combination
Apgujeong Zone 1, comprised of the Misung 1 and 2 apartment complexes, is aiming for a combination of residents and a formal combination of the area by the first half of 2026. This is a crucial step towards initiating the reconstruction process. [https://www.thekoreatimes.co.kr/article/20260128/1988888](https://www.thekoreatimes.co.kr/article/20260128/1988888) (example link
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