iPark Hyundai Development Named Preferred Bidder for Banghwa 2 Redevelopment Project

• iPark Hyundai Development selected as preferred bidder for the Banghwa 2 redevelopment project on Oct. 21, 2026.
• Estimated construction value totals KRW 293.8 billion, excluding VAT.
• Plans call for 740 apartments across 10 buildings, rising up to 16 stories with three basement levels, plus ancillary facilities.
• Final contractor selection remains subject to a vote at the association’s general meeting; preferred-bidder status does not secure the construction contract.

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: 20261021800229), on October 21, 2026, and is solely responsible for the information contained therein.