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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.

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POSCO Group to replace heads of major affiliates

POSCO Group announced its decision on Wednesday to replace the CEOs of major affiliates as the nation’s fifth-largest business group prepares to appoint a new chairman following the upcoming regular general meeting of its holding firm’s shareholders on March 21.

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