Daewoo Engineering & Construction said on the 23rd that Chairman Jeong Won-ju visited New York and New Jersey to discuss cooperation plans with major local developers and political figures.
From the 12th to the 18th, Chairman Jeong met with representatives of major U.S. developers Kushner Companies, Toll Brothers City Living, and EJME to discuss the potential for joint investment and development cooperation in residential projects in the New York–New Jersey area. With EJME, he specifically discussed collaboration plans related to new development projects in Manhattan and nearby areas.
Chairman Jeong also met with Korean corporations such as H-Mart and Incoco to discuss mixed-use development projects and joint investment opportunities that could be pursued in the New York–New Jersey area. Daewoo Engineering & Construction is reviewing plans to jointly promote mixed-use projects that combine residential and commercial facilities on key commercial districts and development sites held by these corporations.
Chairman Jeong met with local political figures, including New Jersey Assembly Deputy Speaker Ellen Park and New Jersey State Senator Gordon Johnson, and exchanged views on participation opportunities and possibilities for cooperation in the U.S. energy and infrastructure sectors.
Meanwhile, Jeong's eldest daughter, Jeong Seo-yoon, accompanied him on the trip. Jeong Seo-yoon is set to join Daewoo Engineering & Construction's U.S. subsidiary at the end of March. She will take part in business development and investment reviews at Daewoo Engineering & Construction's U.S. subsidiary going forward.