Geumjang Construction Co.,Ltd

Geumjang Construction Co.,Ltd, a South Korean for-profit construction and maintenance services firm, operates exclusively as a prime contractor delivering facility repair, building maintenance, and infrastructure upgrade services to Department of Defense installations in South Korea, competing in full-and-open federal contracting with no set-aside designations across all 66 recent awards.

Based in Doyang-eup, Goheung-gun, Jeollanam-do, South Korea, and registered in the System for Award Management since October 2007, Geumjang Construction specializes in concrete facility support work: roof repairs and replacements, fire hydrant replacements and maintenance, military family housing services, building structural repairs, utility infrastructure work including water tank and transformer replacements, electrical upgrades such as LED lighting installations, parking lot and sidewalk construction and repairs, drainage and erosion remediation, and specialized projects such as oil-water separator systems and operational support facilities. Representative work includes a $1.37 million repair of failing B974 barracks at Camp Carroll (March 2026, Army Pacific Region), a $1.25 million military family housing maintenance order at Osan Air Base (February 2026, Pacific Air Forces), a $942,170 transformer replacement across U.S. Forces Korea facilities (April 2025, Pacific Air Forces), and a $564,043 cooling tower system replacement at U.S. Army Garrison Humphreys (March 2026, Army Pacific Region).

Customer concentration is heavily weighted to Army facility operations. The Department of the Army Installation Management Command Pacific Region anchors the portfolio at 43 awards carrying $822.5 million combined potential value—76% of all dollars—while the Department of the Army Installation Management Command Korean Region holds 4 awards valued at $245.3 million. The Department of the Air Force Pacific Air Forces represents 18 awards totaling $15 million. Together, these three customer organizations account for 100% of awards and 100% of combined potential value. The Army Pacific Region's dominance reflects Geumjang's deep engagement across multiple installations including U.S. Army Garrison Humphreys, U.S. Army Garrison Daegu, Camp Carroll, Camp Walker, and New Mexico Range.

Geumjang holds six primary indefinite delivery contracts with the Army and Air Force valued collectively at over $1 billion through October 2028. The largest is a $245 million multiple-award IDIQ for general construction, repair, and upgrade of U.S. Forces Korea facilities (awarded October 5, 2023, by Army IMCOM Pacific Region, expiring October 4, 2028), under which 18 task orders have been issued with individual delivery orders ranging from $3,000 to $1.37 million, all firm fixed-price and competed in the open market. A second $245 million multiple-award IDIQ carries the same scope and completion date, issued by Army IMCOM Korean Region. Geumjang also holds a $60 million multiple-award IDIQ for general building repair and construction at U.S. Army Garrison Humphreys Area III, from which 22 task orders have been issued, and a $7.26 million single-award indefinite delivery contract with Pacific Air Forces for preventive maintenance and military family housing services at Osan Air Base (awarded March 24, 2022, expiring March 25, 2027), which has generated 15 task orders. A $20 million multiple-award IDIQ for minor general building repair and construction at U.S. Army Garrison Daegu (awarded April 5, 2024, expiring April 4, 2029) rounds out the primary vehicle portfolio.

Award activity peaked in 2024 with 20 awards, followed by a sharp decline to 8 awards in 2025 and 5 through April 2026, signaling trajectory contraction in the past year. Five awards carrying combined potential value of $4.2 million reach ultimate completion within the next twenty-four months, presenting recompete exposure. All work is performed exclusively in South Korea under firm fixed-price structures; Geumjang does not subcontract federal work and carries no sub-award footprint. The combined potential value across all 66 awards stands at $1.08 billion, but only $15.5 million (1% of potential) has been obligated, reflecting the indefinite-delivery instrument structure where ceilings far exceed executed spend and future task orders remain discretionary.