Daewoo Engineering & Construction Co., Ltd. is a Korean construction company founded and established in 1973, headquartered in Seoul, South Korea. The previous company name was Daewoo Construction Co, Ltd. Its main constructions in Korea include Wolseong Nuclear Power Plant, Nurimaru, Busan-Geoje Fixed Link. Its major constructions abroad consist of the Swani Hospital Project, Menara Telekom Tower and the Houay Ho Dam in Laos.
History
Daewoo Engineering & Construction Co., Ltd. was founded in 1973[1] and changed to Daewoo's construction division in the 1980s, expanding its scope of activities. It is part of the Jungheung Group.[2] In line with Daewoo's declaration of global management in 1993, the company tried to expand its business more actively under the slogan of global village construction. However, Daewoo Group faced a workout in 1999, and Daewoo Co., Ltd. was separated into three companies: Daewoo Engineering & Construction Co., Ltd., Daewoo Co., Ltd., and Daewoo International Co., Ltd. Daewoo Co., Ltd., which took all the bad assets, was delisted, and Daewoo International was incorporated into POSCO in 2010 and became POSCO Daewoo (now POSCO International).
Daewoo Engineering & Construction, acquired by the Korea Asset Management Corporation, ended its workout early in 2003 based on its apartment brand Prugio and overseas orders, and also offered KRW 300 million to sponsor Daegu FC, Korea's first civic club founded the same year.