Kim Bo-hyun, CEO of Daewoo Engineering & Construction, has resigned. Lee Kang-seok, head of external cooperation at the company, has been appointed as his successor.
According to Daewoo Engineering & Construction on August 6, Lee Kang-seok, who was born in 1971 and graduated from Incheon University, has been selected to succeed Kim. Lee has previously served as the head of the general affairs team and the management support office at the company.
He is particularly known for leading the task force when Jungheung Group acquired Daewoo Engineering & Construction.
Kim recently expressed his intention to resign. He is the son-in-law of Jungheung Group Chairman Jung Chang-sun and the brother-in-law of Daewoo Engineering & Construction Chairman Jung Won-joo. He officially took office as CEO in December 2024.
A former Air Force brigadier general, Kim rose to the position of CEO after serving as an inside director and executive vice president following Jungheung Group's acquisition of Daewoo Engineering & Construction in 2021.
As Daewoo Engineering & Construction accelerates its efforts to improve profitability and expand its overseas and energy businesses, this appointment is expected to influence future organizational operations and management strategies within the Jungheung Group.
Meanwhile, Daewoo Engineering & Construction reported consolidated revenues of 3.9949 trillion won, operating profit of 487.9 billion won, and net profit of 363 billion won for the first half of this year. Although revenues decreased by 8.2% compared to 4.35 trillion won in the same period last year, operating profit increased by 109% from 233.5 billion won in the previous year.
Net profit also saw a significant rise from 15 billion won in the same period last year to 363 billion won.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.