POSCO E&C Gang-nam Guryong Village Development Case Study

Abstract

This study was conducted to analyze the situation in which POSCO E&C failed the development project through various conflict situations while promoting the ‘Gang-nam Guryong Village’ urban development project to consider various factors and learn background knowledge related to the development project. POSCO E&C tried to develop Guryong Village, also known as “Potential Site of Gang-nam”, but it has difficulty in the progress of the project due to conflicts between residents and landlords, Gang-nam office and Seoul City Hall over the development method. In this situation, I would like to discuss what method would POSCO E&C to minimize the loss from the project and could have been considered. The purpose of this study is to consider basic questions such as “how to receive funds for the project?” and “how to proceed the project” and to understand background knowledge related to urban development projects such as “Finance through debt financing” and “Project financing (PF)”.