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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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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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한국해운협회(회장 박정석)는 9월 12일(금) 여의도 해운빌딩에서 해양수산부 전재수 장관과 한국해운협회 회장단 간 간담회를 개최하고 해운업계 주요 현안에 대해 논의했다.해양수산부 전재수 장관은 “북극항로 시범운항 및 상업항로화 그리고 해양수도권 완성을 위해…
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Chmn. Lee Jay-hyun of CJ Group, a member of an economic delegation who accompanied President Lee Jae-myung on a Korea-U.S. summit, poses with other delegates prior to the “Korea-U.S. Business Roundtable” at Willard InterContinental Washington in Wa…
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David Kim, CEO of LG Energy Solution. (Photos: LG Energy Solution)LG Energy Solution has struck a contract to supply EV batteries worth an estimated some 15 trillion won to Mercedes-Benz. The deal involves an over 100GWh huge capacity. The lates…
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Korean Air struck an MOU to buy 103 next-generation, high-efficiency passenger aircraft and revealed a plan to purchase 19 reserve engines and sign a maintenance service contract at Willard InterContinental Washington in Washington DC on Aug. 26. Amo…
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