Home » Business » GS E&C Reconstruction Cost and LH Consultation | Yangpyeong Expressway Devastation | 21 Years of Waiting for Subunsa Subscription

GS E&C Reconstruction Cost and LH Consultation | Yangpyeong Expressway Devastation | 21 Years of Waiting for Subunsa Subscription

1. GS Construction Reconstruction Cost 550 Billion Won… ‘Consultation with owner LH yet’
2. ‘Blanking’ the Yangpyeong Expressway… Residents are ‘devastated’
3. Subscription to Subunsa, 21 years to pour money… ‘I’m tired of waiting’

GS E&C reconstruction cost 550 billion won… ‘Consultation with owner LH yet’

GS E&C announced that it will completely rebuild an apartment complex in Geomdan New Town, Incheon, where an underground parking lot collapsed. GS E&C announced on the 7th that it estimated the expected cost of this re-construction at 550 billion won and reflected it in the settlement loss in the first half.

According to the Financial Supervisory Service’s electronic disclosure system, the operating profit of GS E&C in 2022 was 554.8 billion won. The cost of rebuilding is equal to the annual operating profit.

There are also concerns that there may be conflicts regarding the sharing of reconstruction costs. According to the results of the investigation by the Ministry of Land, Infrastructure and Transport, it was found that there was total insolvency in all stages of this accident, from design to supervision and construction.▷Related article: Missing rebar and insufficient concrete… Incheon underground parking lot collapse, total insolvency (July 5)

As there were problems in the design and supervision process, there are opinions that the Korea Land and Housing Corporation (LH), which is the owner and the designer, should also take responsibility. The problem is that there was no prior consultation with LH as GS E&C announced its plan for full-scale reconstruction. The LH side is also in a difficult mood with such an announcement.

However, on the 7th, LH held an emergency meeting presided over by the president at the Incheon Geomdan Project Group, saying, “We actively accept GS E&C’s full-scale reconstruction,” and “We will do our best to minimize damage to residents by establishing a TF to support residents.” It is still a theoretical position.

GS E&C announced that it would not share costs with construction companies that share a stake in the form of a consortium. The apartment in Geomdan, where the accident occurred, is a structure in which GS Construction (40%), Daebo Construction (30%), and Dongbu Construction (30%) each hold shares, sharing profits and losses from the sale of apartments.

An official from GS Construction said, “Daebo Construction and Dongbu Construction only hold shares, but GS Construction is solely responsible for the construction.” It remains to be seen how the negotiations with LH will proceed in the future.

Yangpyeong Expressway ‘Blank Paper’… Residents are ‘devastated’

As Minister of Land, Infrastructure and Transport Won Hee-ryong recently stopped and canceled the Seoul-Yangpyeong Expressway development project, the repercussions are growing inside and outside the political world.

Previously, the opposition raised suspicion that the Ministry of Land, Infrastructure and Transport was trying to change the Seoul-Yangpyeong Expressway route to give preferential treatment to the family of First Lady Kim Gun-hee, the spouse of President Yoon Seok-yeol.

It is a suspicion that came out while the Ministry of Land, Infrastructure and Transport was pushing for a plan to change the planned highway end point from Yangseo-myeon to Gangsang-myeon. The reason is that there is land owned by Mrs. Kim’s family in the terminal area.

Then, Minister of Land, Infrastructure and Transport Won Hee-ryong criticized the Democratic Party for raising such suspicions and declared the cancellation of the Seoul-Yangpyeong Expressway.

It is ‘Yangpyeong residents’ who are embarrassed by this news. It shows the growing dissatisfaction of the residents who believed that they would be able to achieve their local long-cherished business.

A county citizen on the website of Yangpyeong-gun said, “The region has become a mess due to the announcement of the blank paper that ignored the residents of Yangpyeong without any communication.” I pointed out.

It is also true that one minister can overturn a national project like flipping the palm of his hand. It is bittersweet because the damage to the political fight is intact to the local residents and the people.

Subscription for water defense, 21 years of money to pour… ‘I’m tired of waiting’

The total amount of savings for public sale of Subangsa site in Dongjak-gu, Seoul was tallied at 25.5 million won, the highest ever. The pre-sale price for the site of Subangsa Temple was set at around 500 million won cheaper than the market price nearby, drawing attention as a ‘lottery subscription’. ‘Best ever’ (June 23)

Recently, according to the Korea Land and Housing Corporation (LH), the highest subscription savings amount for those subject to priority supply among the general supply of the subangsa site in Dongjak-gu was calculated as 36.7 million won.

The winning line is 25.5 million won. It is an amount that can be filled by putting 100,000 won per month in the subscription account for more than 21 years.

In the case of the ‘Newlyweds Special Supply’ priority supply, the highest score was 13 points, and the winning line was determined by lottery from 12 points. The highest score of 13 points is a score that can be filled only by obtaining perfect scores in △number of minor children △residence period in the area △marital period △number of payments for housing subscriptions.

Subangsa in Dongjak-gu drew attention as a ‘lottery subscription’ by supplying 400 to 500 million won cheaper than the nearby market price. Subangsa, Dongjak-gu, is composed of 59 square meters for all households, and the estimated selling price was 872.25 million won.

At the time of pre-subscription, which took place from the 12th of last month, 72,000 people from 255 households applied for Subangsa in Dongjak-gu, and the average competition rate reached 283 to 1. You have to put in more than 21 years to win the general supply priority supply. I’m tired of waiting

2023-07-08 21:30:02
#Construction #Reconstruction #cost #billion #won

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