• iPark Hyundai Development was picked as preferred bidder for the Gunpo Geumjeong Station Area District 1 redevelopment project.
• Construction value set at about 448.2 billion won, excluding VAT.
• Project calls for 1,137 apartments across 10 towers, ranging from four basement levels to 35 floors.
• Preferred-bidder status does not secure the builder role; a residents’ association vote will decide the contractor.
• Selection was confirmed on Oct. 14, 2026.

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: 20261014800602), on October 14, 2026, and is solely responsible for the information contained therein.