A banner day for reconstruction

A large banner about the selection of a builder for the reconstruction of the Yeouido Sibeom Apartment complex hangs at the site in Yeouido, western Seoul, on Oct. 19.

A large banner about the selection of a builder for the reconstruction of the Yeouido Sibeom Apartment complex hangs at the site in Yeouido, Yeongdeungpo District, western Seoul, on Oct. 19. Samsung C&T won the contract, worth about 2.2 trillion won ($1.65 billion), after landowners approved the company as the builder at a general meeting on Oct. 16, according to Korea Asset In Trust, the project’s implementer. The complex, completed in 1971, will be rebuilt with about 2,480 units in buildings with six basement levels and up to 59 stories above ground, including about 340 public rental units. Samsung C&T proposed Raemian SonelY as the new name of the complex, combining “Standard” and “One&Only” with the company’s Raemian apartment brand.

A large banner about the selection of a builder for the reconstruction of the Yeouido Sibeom Apartment complex hangs at the site in Yeouido, western Seoul, on Oct. 19. Samsung C&T won the contract, worth about 2.2 trillion won ($1.65 billion), after landowners approved the company as the builder at a general meeting on Oct. 16, according to Korea Asset In Trust, the project’s implementer. The complex, completed in 1971, will be rebuilt with about 2,480 units in buildings with six basement levels and up to 59 stories above ground, including about 340 public rental units. Samsung C&T proposed Raemian SonelY as the new name of the complex, combining “Standard” and “One&Only” with the company’s Raemian apartment brand.