[Edaily Reporter KIM EUNG-TAE ] WELCRON HANTEC CO.,LTD.(076080), a company specializing in plant construction and general contracting, announced on the 4th that it has signed a contract worth 79.9 billion won with KB Golden Life Care, a subsidiary of KB Life Insurance, to build the “Buk-Wirye Village.”

The core objective of this contract is to develop premium urban senior housing in key locations in Seoul and the greater Seoul metropolitan area. The company explained that the construction quality and expertise demonstrated in previous projects have led to this consecutive contract win. WELCRON HANTEC CO.,LTD. previously handled the construction of KB Golden Life Care’s Seocho Village and Eunpyeong Village.
This contract win, along with a 42.5 billion won debt write-off and reversal of provisions, is expected to serve as a major catalyst for improving the company’s financial performance. A WELCRON HANTEC CO.,LTD. official stated, “By completely eliminating the risks that had previously weighed on the company’s finances and securing a large volume of new orders, we have dispelled market concerns and laid the groundwork for growth.”
WELCRON HANTEC CO.,LTD. plans to further solidify its unrivaled market dominance in specialized construction sectors, such as senior housing, while focusing on improving performance through synergies with its high-value-added eco-friendly plant business. A WELCRON HANTEC CO.,LTD. official stated, “Driven by these two major positive factors—the resolution of risks and the securing of large-scale orders—we will achieve a visible turnaround in performance in the second half of the year and repay the expectations of the market and our shareholders with tangible results.”