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GS Engineering and Construction Co. signed an MOU with Sonatrach, a state oil company in Algeria, on Oct. 29 to set up a joint-venture construction company in Algeria, which would help GS E&C expand its operations in North Africa. Sonatrach is Algeria’s largest state oil company engaged in…
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A ceremony to celebrate the 2012 International Contractors Day took place on Nov. 13 at the Construction Hall in southern Seoul hosted by the International Contractors Association of Korea and Korea Association of Plant Information and Technology with hundreds of executives of construction fir…
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Lotte Engineering and Construction Co. has clinched the largest diesel power plant project in the world, which will include 38 16-mw class power generators at a price of $550 million in Jordan, the builder said recently.The diesel power generators will be built in Amanaker, some 30 km from Amman, th…
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POSCO Engineering and Construction Co. (POSCO E&C) has been awarded the Friendship Medal by the Vietnamese government in recognition of its successful establishing of a master plan for Hanoi’s new city.The Vietnamese government presents the Friendship Meda to foreign organizations and individua…
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The government wants to help the 2018 Pyeongchang Winter Olympics to be a great success by connecting the Olympic venue with a KTX Line to cut travel time. The construction on the high-speed rail with 12 sections got its start in June and is scheduled to be completed in 2017, which will improve…
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A consortium led by Korea Expressway Corp. (KEC) has succeeded in winning a project management consulting contract in the area of civil engineering projects overseas worth 13.5 billion won on Aug. 1, the highway company said recently.The highway company said the consortium, which includes Seoul City…
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Hanwha L&C President Kim Chang-bum is one of the advocates of shared growth, which is emerging as an issue between large-sized conglomerates and their SME business partners over how to achieve simultaneous growth. President Kim said, “True to our group’s spiritual cause of ‘Together, Fur…
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Korea Expressway Corp. (KEC President Chang Seok-hyo) devotes itself to promoting environment-oriented expressway construction and technology development as part of its efforts to improve energy efficiency and reduce greenhouse gas emissions.The KEC has developed a GHG emissions calculation program …
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The Ministry of Land, Transport and Maritime Affairs hosted the 21st Road Day ceremony on July 6 at Seoul Cultural Hall with some 1,000 related government officials led by Minister Kwon Do-youn and construction industry leaders including President Chang Seok-hyo of Korea Expressway Corp. in attendan…
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POSCO E&C(vice-chairman & CEO Chung Dong-Hwa) held its groundbreaking ceremony for the Brazil CSP Steel Plant Complex on July 17 at the Pecem Industrial Complex in Ceara in northeastern Brazil. The Brazil CSP Steel Plant Complex worth $4.34 billion, for which POSCO E&C won the const…
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Jin Ok-dong, chairman of Shinhan Financial Group and Jung Sang- hyeok, president of Shinhan Bank poses for a photo with Lee Chan-jin, governor of the Financial Supervisory Service, Ryu Je-myeong, second vice minister of science and ICT and Kim Young-…
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group announced that it is intensively promoting the service of the “Hana Happiness Dream Bus,” a portable total care solution introduced to improve financi…
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Park Sang-jin, chairman of KDB poses for a photo with Lee Eok-won, chairman of the FSC, Jang Jae-hoon, vice chairman of Hyundai Motor Group, Jang Min-young, president of IBK, Hwang Ki-yeon, president of Korea Eximbank and Kang Seung-jun, chairman of …
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KAMCO President Jeong Jeong-hoon delivers a speech during KAMCO’s 64th anniversary ceremony at KAMCO Maru at the Busan International Financial Center (BIFC) on April 6. (Photo: KAMCO)Korea Asset Management Corporation (KAMCO) held a commemorative ce…
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