Daewoo Engineering & Construction on the 26th reappointed Chief Executive Officer Kim Bo-hyun as an inside director.
Daewoo Engineering & Construction held its regular shareholders meeting at its Euljiro headquarters in Seoul on the morning of the same day and approved all agenda items, including the reappointment of CEO Kim Bo-hyun as an inside director.
Kim is the son-in-law of Jungheung Group founder Chair Jeong Chang-seon. Kim was named an inside director in 2023 as executive vice president in charge at Daewoo Engineering & Construction. Kim rose to CEO in 2024, and with this reappointment as an inside director, will lead Daewoo Engineering & Construction for three more years.
Daewoo Engineering & Construction also handled agenda items including the reappointment of outside director An Seong-hee, vice chair of the Korean Association of Tax Studies, and approval of the limit on directors' compensation.
Kim Bo-hyun said, "The essence of sustainable management ultimately is to enhance shareholder value," adding, "At the point when financial performance becomes visible, we will carefully review additional shareholder return measures, including dividends."
Kim went on to say, "We achieved No. 1 in housing supply performance for two consecutive years, pushed ahead with the land preparation work for the Gadeokdo new airport, an ultra-large national project, with unrivaled technology in civil engineering, and were recently selected as the preferred counterparty for a negotiated contract," adding, "Overseas, we are on the verge of breaking ground on a fertilizer plant in Turkmenistan and signing the main contract for a nuclear power plant project in the Czech Republic." Kim added, "We will pursue preemptive risk management and strong cost innovation," and "We will achieve this year's targets of 18 trillion won in orders and 8 trillion won in sales."