The International Contractors Association of Korea held its 50th regular general meeting on the morning of the 24th at the Overseas Construction Education Center in Jung-gu, Seoul.
At this regular general meeting, three items were reported: ▲ membership status ▲ 2025 fiscal year business performance ▲ 2025 overseas construction order performance. In addition, three items were reviewed and approved: ▲ 2025 fiscal year settlement of account ▲ 2026 fiscal year business plan and budget ▲ election of member directors.
The association set a goal of strengthening the competitiveness of the overseas construction industry to achieve the early attainment of $2 trillion in overseas construction orders, and plans to enhance its capabilities in information analysis and support using artificial intelligence (AI). It will also fully push ahead with overseas K-City projects in countries such as Vietnam and expand the converged K-Platform into airport and rail sectors.
Marking its 50th anniversary, the association plans to promote a 50th-anniversary project to systematically compile the history and achievements of overseas construction and to accumulate materials from the association and the industry as an asset to pass down to the next generation.
Association President Han Man-hee said, "The overseas construction industry is at a point of change, shifting from projects centered on simple EPC to high value-added businesses that encompass everything from investment to finance," and emphasized, "We will do our best to support overseas orders for our corporations by enhancing the quality of overseas information using AI and by strengthening overseas cooperation channels."
At the general meeting that day, the association president's commendations were awarded to employees of Hyundai Engineering & Construction, Samsung C&T, Dongbu Corporation, Bomi Construction, Suseong Engineering, Jungwon Engineering, and the Construction Guarantee Cooperative for contributing to the expansion of overseas construction orders and the development of the industry.