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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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Jeollanam-do Gov. Kim Young-rok and other participants pose for a group photo while attending a policy session on Yeosu and Gwangyang ports, hub ports for Artic routes at the provincial government building on July 11. (Photo: Jeollanam-do)Yeosu Gwang…
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Secretary General To Lam of the Vietnamese Communist Party, escorted by BPA President Song Sang-geun, looks around the seventh wharf of Busan New Port, the nation’s first fully automated terminal, on Aug. 13. (Photo: BPA)Busan and Vietnam are streng…
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President Lee Jae-myung and First Lady Kim Hae-kyung attend a ceremony to receive a letter of “light appointment” from 80 national representatives, at the Gwanghwamun Plaza in Sejong the Great Boulevard in Seoul on Aug. 15, symbolizing popular sove…
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Incheon Mayor Yoo Jeong-bok announces Incheon’s AI innovation vision at the AI vision announcement and contract signing ceremony at Incheon Startup Park in Yeonsu-gu, Incheon, on Aug. 4. (Photo: Incheon City)The Incheon City government said the muni…
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