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Samsung C&T became the exclusive contractor for UIC Investments Pte. Ltd’s UIC Redevelopment project with which it signed a contract worth $266 million, the company said on May 17. UIC Redevelopment project involves demolition of a 40-story office building that was completed in 1973 and the con…
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GS E&C declared its mid- to long-term Vision 2020 to aim for being a sustainable global company by seeking out future growth engines overseas to upgrade itself as a total global company in order to expand the portion of its revenues from overseas to 70 percent of its total annual revenue by 2020…
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The Federation of Construction Associations held a ceremony for the 2012 Construction Day and the celebration of Korean construction firms undertaking over $500 billion worth of construction projects overseas at Construction Hall in southern Seoul on July 2 with hundreds of construction industry lea…
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The longest tunnel in Korea, the eco-friendly Baehuryong Tunnel linking Shinbuk Village, Chuncheon, and Hwachon County in Kandong-myon, Gangwon Province, opened to traffic on May 30, completing an eight-year project that Dongbu Construction kicked off in 2004.The area is known for such rough curves …
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Hanwha Engineering & Construction (E&C) has signed a huge deal valued at $7.75 billion to build a new town in Iraq near the capital, Bagdad. Hanwha E&C said on May 24 that its Vice Chairman Kim Hyun-chung signed the deal with Iraqi National Investment Commission Chairman Sami …
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Hyundai Development Co. has been operating a variety of systems and events for expanded inter-office communication to create a fresh corporate culture, the company said recently.The reason to create a fresh corporate culture has been the need to overcome various problems faced by the company includi…
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Hyundai Development Co. has been operating a variety of systems and events for expanded inter-office communication to create a fresh corporate culture, the company said recently.The reason to create a fresh corporate culture has been the need to overcome various problems faced by the company includi…
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Daelim Industrial Co. has been expanding its overseas projects rapidly since its total project orders exceeded 1 trillion won in 2006. Its Plant Business Department has been working overtime to achieve its vision, dubbed “Value Creating, Global Plant Builder,” by strengthening its capacity for glo…
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Daewoo Engineering & Construction (President Seo Jong-uk) won a project in Algeria worth $350 million involving the recovery of an 18-km long stream cutting across the Algerian capital of Algiers to improve the quality of water in the stream and create cultural and rest facilities along the stre…
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As of May 30, Korean construction firms won a total of $500 billion worth of overseas projects since they landed their first project in Thailand 47 years ago. Hanwha Construction’ s huge $7.8 billion project order to build 100,000 houses in Iraq put the total overseas construction projects won…
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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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Hwang Ki-yeon, president of Korea Eximbank poses for a photo with Rosan Roeslani, CEO of Danantara Sovereign Wealth Fund after signing an MOU in the presence of Korean President Lee Jae-myung and Indonesian President Prabowo Subianto at Chung Wa Dae …
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