SEOUL, Dec. 18 (Korea Bizwire) — Daewoo Engineering & Construction Co. aims to achieve 1 trillion won (US$695.7 million) in annual net profit by 2027, focusing on key overseas markets while exploring new business opportunities, the company said Wednesday. The ambitious goal was announced by the company’s new CEO Kim Bo-hyun at his inauguration ceremony [...]
SEOUL, Nov. 27 (Korea Bizwire) — Daewoo Engineering & Construction (E&C) Co. said Wednesday it has broken ground for a high-rise building project in Hanoi, part of a major urban development initiative in the Vietnamese capital. Daewoo E&C said it held a groundbreaking ceremony for the construction project, named K8HH1, part of Hanoi’s Starlake new [...]
SEOUL, Jan. 23 (Korea Bizwire) — Daewoo Engineering & Construction Co. said Tuesday it has completed a major sea bridge construction project in India carried out together with the country’s Tata Group. The company said it has finished the construction of the 21.8-kilometer-long Mumbai Trans Harbour Sea Link, which began in 2018 in partnership with [...]
SEOUL, June 21 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, plans to develop and distribute wearable robots that can be used at construction sites. The company announced on Monday that it was selected in a contest held by the Korea Institute for Robot Industry Advancement to work in [...]
SEOUL, April 22 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, said Thursday that it developed and launched “Meta Gallery” service, a model house using a video game engine for virtual experiences. This first-person view (FPV) service allows users to move around a virtual space just like playing a [...]
SEOUL, Oct. 18 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, is taking initiative to improve the residential environment of the Vietnamese living in the country. The company announced that it had entered into a four-party business agreement with the Vietnamese Embassy in Seoul, Habitat for Humanity Korea and [...]
SEOUL, April 21 (Korea Bizwire) — A couple of domestic investors appear to be interested in acquiring Daewoo Engineering & Construction Co. as improving performances have boosted the builder’s corporate value, sources said Wednesday. Prospective buyers include local private equity fund Sky Lake Investment, which has recently taken over Doosan Solus Co., a South Korean [...]
SEOUL, Nov. 21 (Korea Bizwire) – An increasing number of officetels – South Korean high-rises that are home to multi-purpose residential units – are getting the luxury treatment amid growing competition to attract residents. From gyms, guesthouses, and screen golf facilities to conference rooms, construction companies are ramping up efforts to build recreation facilities to [...]
SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]
SEOUL, May 24 (Korea Bizwire) – New statistics show an increasing number of South Korean baby boomers in their 50s are purchasing smaller apartments. Daewoo Engineering & Construction (Daewoo E&C) teamed up with the industry academic research team at Konkuk University and conducted a big data analysis which revealed that over 36 percent of buyers [...]