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Construction
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…
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…
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 …
 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 …
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…
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…
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…
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…
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…
Korea Expressway Corp. on Jan. 31 invited some 100 top executives of construction firms including CEOs of 40 firms to a breakfast meeting to brief them on major highway projects to be undertaken this year and to seek their cooperation, the company said recently.At the meeting, Korea Expressway Corp.…
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Industry/Energy
KEPCO President Cho Hwan-eik. (Photo: KEPCO)Korea Electric Power Corp. is stepping on the gas to develop new energy business models. Shown (left) is an EV charging station, and a wind power plant. (Photos: KEPCO) In accordance with the new governmen…
Presidential candidate Moon Jae-in speaks about steps to reduce fine dust at a meeting at the Minju Party of Korea headquarters on April 13. The government is expected to accelerate efforts to secure sites to build new and renewable energy power pla…
Acting President Park Hee-sung of the Korea East-West Power Co. (EWP), President Kim Nam-kyun of the Korea Forestry Promotion Institute (KOFPI), and President Denaldy of Indonesian state-run forest company Perum Perhutani participated in a ceremony t…
A view of the Shin Kori Nuclear Power Units, now under construction, which have been temporarily halted by the new government. The fate of the nuclear power units is to be decided by the outcomes of a public debate process. (Photo:KHNP) The fate of …


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