Daewon

What Daewon does

Daewon (주식회사 대원, KOSDAQ: 007680) is a South Korean real estate developer, civil contractor, and textile manufacturer founded in 1972 and headquartered in Cheongju, Chungcheongbuk-do. It operates across four business divisions: residential housing (주택사업), civil engineering and infrastructure (토목사업), overseas construction and development (해외사업), and textile manufacturing (섬유사업). The company went public on KOSDAQ in December 2017 and reports having built more than 50,000 apartments in Korea over roughly four decades. It has received a Korean Presidential Medal for Housing Development and ISO 9002 quality certification.

Daewon's most significant international footprint is in Vietnam, where it operates under the Cantavil premium brand through two structures: a 100%-owned subsidiary (Công Ty TNHH Daewon Cantavil) and a 49%/51% joint venture with ThuDuc House (Daewon Thuduc Housing Development JSC). Flagship projects include the 36-story Cantavil Premier mixed-use tower in HCMC (200 apartments, $47M+ investment, 90% pre-leased to anchor tenants Parkson, LOTTE Cinema, and Big C), the 390-unit Cantavil An Phu, the 189-unit Cantavil Hoan Cau, the 4.7-hectare beachfront Cantavil Long Hai resort, the 544-unit Centum Wealth JV, and the 210-hectare D-City urban development in Da Nang ($250M commitment). Daewon also operates the 91-room La Sapinette Hotel in Da Lat.

The business model combines one-time revenue from apartment, villa, and shop-house sales (priced in VND with bank-financing support from Sacombank, VietinBank, and SeABank) with recurring income from office and retail leasing, property management, and hospitality. Target customers span high-net-worth individuals, mid-to-upper income Vietnamese buyers, corporate tenants, and international retail and entertainment brands. The company has been recognized with the Vietnamese Golden Dragon award for six consecutive years from 2007 to 2012 and is led by Co-Representative Directors Jeon Eung-sik and Kim Du-sik, with Chun Young Woo as Chairman of the Daewon Cantavil subsidiary.

Name

Daewon

Legal name

주식회사 대원 (Daewon Co., Ltd.)

Website

https://daewon.co.kr

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

Daewon is a South Korean real estate developer (founded 1972, KOSDAQ-listed 2017) operating residential, civil construction, textile, and hospitality businesses, with substantial Vietnam operations under the premium Cantavil mixed-use brand.

Ownership category

akta.pro rank

Headquarters

HQ city

Cheongju

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Apartment Sales: Primary revenue from selling residential apartments and villas in developed real estate projects across Korea and Vietnam. Revenue is generated through one-time property sales with varying price points based on unit size and project location.
2. Office and Commercial Space Leasing: Rental income from office spaces and commercial areas within mixed-use complexes, including retail mall spaces leased to tenants like Parkson and tenants at Cantavil Premier.
3. Property Management Services: Ongoing property management services for residential and commercial tenants, including maintenance, security, and facility management.
4. Hospitality Services: Hotel and resort operations including La Sapinette Hotel in Da Lat with 91 rooms operating at 4-star standard.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Daewon is a Korean construction and real estate development company that builds premium residential apartments, mixed-use complexes, urban developments, and civil infrastructure projects, primarily under the Cantavil brand in Vietnam and through direct operations in South Korea. The company also operates a 4-star hotel (La Sapinette) in Đà Lạt and maintains a textile manufacturing business (Daewon Wool Textile).

Product overview

Daewon is a Korean real estate development company (established 1972) with operations spanning residential apartments, mixed-use complexes, resort villas, and hospitality services under the Cantavil brand. The product portfolio includes five main residential/commercial projects: Cantavil Premier (36-story mixed-use tower in HCMC), Cantavil An Phú (390-unit apartment complex), Cantavil Hoàn Cầu (luxury apartments in Bình Thạnh), Cantavil Long Hải (beachfront resort villas), and Centum Wealth (mixed-use complex in District 9). Additional projects include the D-City urban development in Đà Nẵng and La Sapinette Hotel in Đà Lạt. The company also operates civil construction and overseas construction services, and maintains a textile manufacturing operation through Daewon Wool Textile.

Differentiator

Problem solved

Functional benefit

Brands

• Cantavil Premier: Luxury apartment and mixed-use complex brand featuring residential, commercial, and office spaces in Vietnam.
• Cantavil An Phu
• Cantavil Hoan Cau
• Cantavil Long Hai
• D-City

Products and services

• Cantavil Premier A 36-story mixed-use complex in Ho Chi Minh City featuring a shopping center, international-grade offices, and 200 luxury apartments ranging from 111-322 sqm, with amenities including a cinema, swimming pool, gym, and rooftop recreation area.
• Cantavil An Phú A residential complex in District 2, Ho Chi Minh City comprising 3 blocks with 16 floors and 390 premium apartments sized 75-150 sqm, completed in 2010 with facilities including swimming pool, gym, children's entertainment area, and 24/7 security.
• Cantavil Hoàn Cầu An 18-story luxury apartment building on Điện Biên Phủ street in Bình Thạnh District, Ho Chi Minh City with 189 apartments and 12 rooftop garden villas, featuring sizes from 120-154 sqm with premium interiors imported from Korea.
• Cantavil Long Hải A beachfront resort villa development in Long Hải, Bà Rịa-Vũng Tàu spanning 4.7 hectares with 50 villas, 30 duplex units, and 10 penthouses, featuring amenities such as swimming pool, tennis court, restaurant, and boat dock.
• Centum Wealth A mixed-use complex in District 9, Ho Chi Minh City developed by Bach Phu Thinh (51%) and Daewon (49%) with 544 apartments, 508 commercial units, 10 garden houses, 10 shop houses, and 12 duplex units, featuring commercial areas, services, and entertainment facilities.
• D-City (Đà Nẵng) A 210-hectare international-standard new urban development project in Đà Nẵng with 180 hectares of reclaimed bay area, featuring a 250 million USD investment by Daewon Cantavil, including a golf course and comprehensive infrastructure.
• La Sapinette Hotel A 4-star hotel in Đà Lạt with 91 luxury rooms, operated as part of Daewon's real estate service offerings.
• Residential Housing Construction (Korea) Residential apartment construction services in South Korea under the housing business division, with over 50,000 apartments built over nearly 40 years of operation.
• Civil Engineering and Overseas Construction Civil infrastructure and overseas construction services delivered by Daewon's civil engineering (토목사업) and overseas business divisions.
• Textile Manufacturing (Daewon Wool Textile) Textile and wool manufacturing operations conducted through the Daewon Wool Textile subsidiary (대원모방), part of Daewon's historical textile business.

Quantifiable outcome

• 60% of Cantavil Premier apartments sold within one month of launch
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core, major and supporting.

• Công ty Cổ phần Phát triển nhà Thủ Đức (ThuDuc House)coreStrategic or Co-development PartnerJoint venture partner established in 2004 for Vietnamese real estate development. ThuDuc House contributes local market expertise, land access, and regulatory knowledge while Daewon provides capital, international standards, and development expertise. Joint ventures have produced major projects including Cantavil An Phu (2007), Cantavil Premier (2012), and Cantavil Hoan Cau.
• ParksonmajorChannel Partner/ Reseller/ DistributorInternational department store operator leasing floors 1-5 of Cantavil Premier complex. Parkson brings over 300 international and local brands to the development, including first-time entries to Vietnam like Coach, Shu Uemura, and Bobbi Brown. This partnership provides stable rental income and enhances the commercial appeal of Daewon projects.
• LOTTEmajorChannel Partner/ Reseller/ DistributorLOTTE Cinema operates 8 premium cinema screens at Cantavil Premier, serving residents and entertainment seekers. Partnership enhances entertainment offerings within the mixed-use development.
• Big C (Central Group)supportingChannel Partner/ Reseller/ DistributorBig C supermarket operates at basement level B1 of Cantavil Premier, providing daily grocery and consumer goods shopping for residents and visitors.
• Công ty TNHH Bách Phú ThịnhmajorStrategic or Co-development PartnerJoint venture partner for Centum Wealth project in District 9, Ho Chi Minh City. Registered capital of 178 billion VND with TDH holding 51% and Daewon holding 49%. Project comprises 544 apartments with integrated commercial spaces.
• Sacombank (Ngân hàng TMCP Sài Gòn Thương Tín)supportingChannel Partner/ Reseller/ DistributorBanking partner providing mortgage financing for Cantavil Premier purchasers. Offers loans up to 70-100% of property value with terms up to 20 years.
• VietinBank - Chi nhánh Đông Sài GònsupportingChannel Partner/ Reseller/ DistributorState-owned bank partner providing financing options for property purchases at Daewon projects.
• Ngân hàng TMCP Đông Nam Á (SeABank)supportingChannel Partner/ Reseller/ DistributorBanking partner offering mortgage financing for Daewon Cantavil property purchases.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sun Group: Vietnamese conglomerate with major real estate, resort, and entertainment development operations (including Danang-area projects). Comparable to Daewon in combining residential, hospitality, and integrated destination development in Vietnam.
• GS E&C: Korean construction and real estate developer with strong apartment (Xi brand), civil, and overseas operations. Comparable to Daewon across housing construction and overseas expansion dimensions.
• Novaland: Major Vietnamese real estate developer focused on mid-to-upper residential apartments and townships, particularly in HCMC. Comparable to Daewon's Cantavil product line and customer segments (young professionals, middle-to-upper income buyers).
• Vinhomes: Vietnam's largest real estate developer (subsidiary of Vingroup), developing large-scale residential, mixed-use, and urban projects. Directly comparable to Daewon Cantavil in the Vietnamese premium/mid-tier residential and integrated complex segment, including their analogous anchor-tenant strategy with Vincom retail.
• Phu My Hung Corporation: Vietnamese urban developer behind the large Phu My Hung new town district in HCMC. Comparable to Daewon's D-City Da Nang as a master-planned urban development operator combining residential, commercial, and infrastructure.
• Hyundai E&C: Korean construction major with significant residential apartment (Hillstate brand), civil engineering, and overseas project operations. Highly comparable business mix to Daewon (housing + civil + overseas), though at much larger scale.
• Daewoo E&C: One of Korea's leading construction and engineering companies, with extensive residential (apartment), civil, and overseas operations. Comparable to Daewon as a Korean-headquartered construction/real estate developer with international expansion, similar regulatory and capital structure.
• Keppel Land: Singapore-based real estate developer with significant Vietnam operations (including Saigon Centre and other mixed-use developments). Comparable to Daewon's Cantavil strategy of developing premium mixed-use complexes with anchor commercial tenants in Vietnam.

Broad incumbents

• Posco E&C: Korean construction major and broader incumbent with significant apartment (The Sharp brand), plant, and overseas businesses. Larger and more diversified than Daewon but comparable in Korean housing + civil + overseas project portfolio.

Regional players

• Phat Dat Real Estate Development: Vietnamese real estate developer focused on residential and urban projects in HCMC and surrounding areas. Comparable product mix to Daewon's Cantavil portfolio (apartments, mixed-use), competing for similar buyer segments in overlapping geographies.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/daewoncantavil

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Daewon