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SK E&C’s Innovative Legal Capabilities Recognized Globally
Innovative Legal Team
SK E&C’s Innovative Legal Capabilities Recognized Globally
  • By Lee Song-hoon
  • June 16, 2017, 04:00
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Cho Ki-haeng, vIce chairman & CEO of SK E&C.
Cho Ki-haeng, vIce chairman & CEO of SK E&C.

 

SK E&C was selected as a company with an "innovative in-house legal team" in 2017 by the Financial Times.

The Financial Times selected 18 companies for having innovative legal affairs teams in the Asia-Pacific region this year, too. SK E&C is the only Korean company in the 18-company group.

"SK E&C has a great strength in conducting global projects with globally competent attorneys," the Financial Times said. “In particular, SK E&C has the ability to adjust opinions and analyze risks with various stakeholders from all over the world. Thus, the builder has made remarkable achievements in development-type projects."

The Financial Times explained that SK E&C was picked out since the contractor has shifted its business structure to highly lucrative development-type projects from simple model of getting EPC (design, procurement, construction) orders over the past 10 years and has steadily nurtured organization and professional personnel for project implementation.

In March, SK E&C took on a private power generation project in Iran for the first time as a Korean construction company. It is Iran's largest power generation project with a total cost of 3.4 billion euros.

Earlier in February, SK E&C landed the Chanakale Suspension Bridge Project at 3.5 trillion won (US$3.1 billion) from Turkey in concert with Daelim Industrial in the BOT system by beating a Japanese consortium strongly supported by the Japanese government. 

On top of that, SK E&C has been taking part in operating the Eurasia Undersea Tunnel since its opening in December last year and is engaging in a hydroelectric power generation project among others through private-public cooperation in Laos.