The South Korean government is creating a 1.5 trillion won (US$1.33 billion) fund to support Korean companies’ exports of smart city technologies. The government is shifting the focus to smart city projects as Korea has lost competitiveness to China in simple overseas construction and plant projects
POSCO Daewoo has started the second phase of a Myanmar gas field development project, the company announced on June 28. It began to develop eight additional production wells by signing a contract with world-class companies.POSCO Daewoo announced that its president Kim Young-sang signed an engineerin
The top 10 Korean construction companies have posted mixed results in terms of overseas order receipt so far this year. The main factors that affected their results included the unstable situation in the Middle East, which was fueled by the Iranian risks.According to the International Contractors As