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daewoo

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Daewoo E&C goes for bigger, better with 1,931-unit Jangwi Prugio Mark One megacomplex

With the real estate market in flux in the wake of changes in regulations, buyers are shifting to the “one household, one home” concept that has driven significant appreciation in units in larger complexes, and Daewoo Engineering & Construction (E&C) is poised to meet that demand with its Jangwi Prugio Mark One in Seongbuk District, northern Seoul, this June.

2026.6.17

GM Korea technicians inspect a Cadillac Escalade at the GM Korea Seoul Service Center in Yeongdeungpo District, western Seoul. [GM KOREA]

GM Korea eyes top service quality with new center as rumors over fate swirl

GM Korea unveiled its new service center to reporters, underscoring its commitment to after-sales service and customer satisfaction as rumors swirl that the company will leave the country as U.S. tariffs threaten sales.

2025.3.19

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Two Korean workers of Daewoo E&C, center and right, were released on Friday, 17 days after they were kidnapped by an armed group in Nigeria. The photo was provided by Daewoo E&C. [YONHAP]

Two abducted Koreans freed in Nigeria

Two Koreans kidnapped in Nigeria have been released on Friday, said the Foreign Ministry in Seoul. They were construction workers of Daewoo E&C, according to local reports, who were moving between construction sites in southern Nigeria on Dec. 12…

2023.12.30

Hanwha Ocean's Okpo shipyard in Geoje, South Gyeongsang [YONHAP]

Hanwha Ocean reports 159.1 billion won loss in Q2

Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), failed to make a turnaround in the second quarter mainly due to one-off costs such as higher outsourcing costs and higher wages.

2023.8.14

Daewoo Shipbuilding & Marine Engineering

DSME declares a 'state of emergency' as business deteriorates

Daewoo Shipbuilding & Marine Engineering (DSME) declared a state of emergency in the face of rising debts and deteriorating business conditions at home and abroad.

2022.7.6

A view of the Kazungula Bridge, which spans the Zambezi River in southern Africa. The bridge, built by Daewoo Engineering & Construction, officially opened on Monday. [YONHAP]

Crossing the Zambezi

The Kazungula Bridge, built by Daewoo Engineering & Construction, officially opened on Monday.

2021.5.11

Samsung Heavy Industries' container ship of 13,000 twenty-foot equivalent units (TEU). [SAMSUNG HEAVY INDUSTRIES]

Korea's shipbuilders rebound as orders pour in

Shipping companies are preparing for marine fuel regulations that will require ecofriendly ships. Korea has advanced technology and a track record of successful deliveries, giving them an edge over Chinese competitors who can compete on prices.

2021.3.31

Daewoo Shipbuilding inks digital ship deal with Rotterdam

Daewoo Shipbuilding & Marine Engineering said Tuesday that it has agreed with the Netherlands' Port of Rotterdam Authority to develop ship-related smart technologies.

2020.7.21

An LNG vessel constructed by Hyundai Heavy Industries. [HYUNDAI HEAVY INDUSTRIES]

Virus hurts shipbuilders, but there's hope on the horizon

The Korean shipbuilding industry fell hard during the first half of 2020. Korea won 37 orders for shipbuilding over the January-June period, only 40 percent of 2019 H1, with 92 orders and a quarter of 2018 H1’s 150 orders.

2020.7.9

Minister of Trade, Industry and Energy Sung Yun-mo, right, and Ka Sam-hyun, CEO of Korea Shipbuilding & Offshore Engineering, pose at a ceremony at Lotte Hotel in central Seoul on Monday to sign the 23.6 trillion won ($19.26 billion) LNG vessel deal between three major shipbuilders and Qatar Petroleum. [MINISTRY OF TRADE, INDUSTRY AND ENERGY]

Shipbuilders sign 23.6 trillion won LNG vessel deal with Qatar

Three major Korean shipbuilders have inked a 23.6 trillion won ($19.26 billion) deal with a Qatar-based petroleum company to provide 100 liquid natural gas (LNG) ships over the next seven years, announced Qatar Petroleum Monday.

2020.6.2