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South Korean construction firms tighten belts to overcome downturn in housing construction market

SK ecoplant recently nominated SK E&S Chief Financial Officer Kim Hyung-keun as the new CEO to improve its financial soundness and pursue an initial public offering (IPO). The decision came as a surprise because SK Group has tended to replace the top executives of its affiliates during annual year-end reshuffles.

South Korean construction firms tighten belts to overcome downturn in housing construction market

SK ecoplant recently nominated SK E&S Chief Financial Officer Kim Hyung-keun as the new CEO to improve its financial soundness and pursue an initial public offering (IPO). The decision came as a surprise because SK Group has tended to replace the top executives of its affiliates during annual year-end reshuffles.

Construction firms replace CEOs as profits dip

Major construction firms have replaced their chief executives with financial experts in recent weeks to brace for a prolonged industry downturn, according to industry officials, Sunday.

Construction site collapse comes as blessing in disguise for GS E&C heir

A high-profile collapse at an apartment complex under construction in Incheon by GS Engineering & Construction (E&C) comes as a blessing in disguise for its heir apparent, as its tainted corporate value helped the company chairman give 2 million shares to his son while paying a reduced gift tax, according to industry officials, Thursday.

Construction site collapse comes as blessing in disguise for GS E&C heir

A high-profile collapse at an apartment complex under construction in Incheon by GS Engineering & Construction (E&C) comes as a blessing in disguise for its heir apparent, as its tainted corporate value helped the company chairman give 2 million shares to his son while paying a reduced gift tax, according to industry officials, Thursday.

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