July 23, 2014 5:13 PM ET

Construction and Engineering

Company Overview of Daewoo Engineering & Construction Co., Ltd.

Company Overview

Daewoo Engineering & Construction Co., Ltd. operates as a construction company in South Korea and internationally. The company engages in the construction of LNG terminals, LNG storage tanks, gas pipelines, LNG plants, and related facilities in the oil and gas sector; and conventional, combine cycle and cogeneration, hydroelectric, and nuclear power plants, as well as substations and transmission lines in the power sector. It also constructs low and medium level radioactive waste disposal facilities, research reactors, and small and medium sized power reactors; and industrial plants, such as cement plants, automobile plants, industrial mill plants, railway workshops, port development plants,...

Daewoo E&C 57

Sinmunno 1-ga

Jongno-gu

Seoul,  100-713

South Korea

Founded in 1973

Phone:

82 2 2288 3114

Fax:

82 2 2288 3113

Key Executives for Daewoo Engineering & Construction Co., Ltd.

Daewoo Engineering & Construction Co., Ltd. does not have any Key Executives recorded.

Daewoo Engineering & Construction Co., Ltd. Key Developments

Daewoo Engineering & Construction Co., Ltd. Presents at HSBC 2nd Annual Asia Investor Forum ­ London, Jun-09-2014

Daewoo Engineering & Construction Co., Ltd. Presents at HSBC 2nd Annual Asia Investor Forum ­ London, Jun-09-2014 . Venue: The May Fair Hotel, London, United Kingdom.

Hotels Reportedly Up For Sale; Few In Talks

A number of hotels are being sold. Conrad Seoul is being sold by American International Group, Inc. (NYSE:AIG) (AIG); Able Hyundai Hotel & Resort Co., Ltd. (Banyan Tree Club & Spa Seoul) by Hyundai Group; Renaissance Seoul Hotel by Sambu Construction Co., Ltd. (KOSE:A001470); Millennium Seoul Hilton Hotel by City Development Limited Hotel Korea (CDL Korea); Grand Intercontinental Seoul Parnas and Intercontinental Seoul COEX by GS Engineering & Construction Corporation (KOSE:A006360) (GS E&C); Sheraton Incheon Hotel by Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040); Best Western Premier Incheon Airport Hotel by Novotel Ambassador Daegu and a Singapore-based fund. CDL Korea is searching for potential buyers for the Millennium Seoul Hilton, which posted KRW 11.3 billion won in operating profits in 2013. Sambu has been talking with IGIS Asset Management Co., Ltd since 2013, to sell the Renaissance Seoul Hotel, while Hyundai Group and GS E&C also put up their respective hotels for auction amid liquidity shortages. According to the report, AIG talked with CXC Investment & Credit Capital Corporation (KOSDAQ:A021880) (Korea Investment & Credit Capital Corp.) to sell the Conrad Seoul for KRW 440 billion since the latter half of 2013, but the deal was cancelled in February 2014 after CXC failed to secure enough funds. Sambu and Igis' talks have been halted. For the Sheraton Incheon, potential bidders offered a lower price than Daewoo wanted, and no bidding talks are ongoing for now.

Daewoo Engineering & Construction Co., Ltd. to Report Q1, 2014 Results on Apr 28, 2014

Daewoo Engineering & Construction Co., Ltd. announced that they will report Q1, 2014 results on Apr 28, 2014

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 12, 2014
Daewoo Energy Co., Ltd.
Private Placement
March 12, 2014
Yeongcheon Sangju Expressway Co., Ltd.
Private Placement
March 3, 2014
Cheonmasan Tunnel Corp.
 

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