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The Construction Association of Korea opens New Year with a ceremony with Prime Minister Kim Hwang-sik, 2nd R, Minister Kwon Do-youp of the Ministry ofLand, Transport and Maritime Affairs, 1st R, and Chairman Choi Sam-kyu of CAK, 3rd R, pushing the buttons to open th…
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Hanwha Engineering and Construction Co. has become the leading construction company in terms of projects won this year by clinching a marine terminal project from Aramco of Saudi Arabia worth $600 million on Nov. 14. The contract was signed in the Middle East country to make the Hanwha Group affilia…
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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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CEO Hur Sae-hong of GS Caltex talks with GS Caltex staff members at GS Tower in Gangnam-gu, Seoul. (Photo: GS Caltex)GS Holdings said in an electronic notice released on May 13 that the holding company of GS Group posted 6,842.4 billion won in revenu…
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Chairman Chang Sae-joo of Dongkuk Steel Group. (Photos: Dongkuk Steel Group)Dongkuk Steel announced on April 24 that it posted sales of 857.2 billion won, an operating profit of 21.4 billion won, and a net profit of 6.2 billion won in the first quart…
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CEO Anwar A. Al-Hejazi of S-OIL. (Photos: S-OIL)S-OIL chalked up more than 1.2 trillion won in operating profit on the back of inventory profit, caused by crude oil price hikes for the first quarter of this year, in results that surprised analysts.Pr…
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Chairman Park Gee-won of Doosan Enerbility. (Photos: Doosan Enerbility)Doosan Enerbility said on April 23 that major Doosan Enerbility executives, including Chmn. Park Gee-won, embarked on efforts to promote cooperation to participate in a new power …
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