[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company (CEO Shin Yonggu), announced that it held an IR briefing session on the 17th at the Seoul Station headquarters T Tower together with its subsidiary Daewoo Shipbuilding & Marine Engineering Construction (CEO Seo Boknam).
At the IR briefing, Korea Technology and Daewoo Shipbuilding & Marine Engineering Construction once again emphasized the reliability and transparency sought by investors, which is the purpose of establishing the ESG Management Committee, and introduced their core growth strategies and concrete future blueprints.
Korea Technology and Daewoo Shipbuilding & Marine Engineering Construction held an IR presentation at their headquarters in Seoul Station T Tower. Photo by Korea Technology
Korea Technology revealed its business references and progress status, presenting its core growth strategy as realizing innovative growth and establishing a stable management environment through synergy by sharing technology and infrastructure with its subsidiary Daewoo Shipbuilding & Marine Engineering Construction.
They also selected the construction of eco-friendly energy infrastructure and future infrastructure based on future technologies, which are key tasks of the current government, as their core focus. The company announced plans to raise its construction capability evaluation ranking to within the top 40 by 2022 and, based on this, join the 1 trillion KRW revenue club in 2023.
Currently, the subsidiary Daewoo Shipbuilding & Marine Engineering Construction has secured a contract for the Saemangeum offshore wind power complex, a project worth 480 billion KRW, and has signed a business agreement for the development of the Ariul wind power complex, indicating that the contract for this wind power complex is also in the final stages.
Additionally, they are actively promoting key government projects such as the Seonamhae offshore wind power complex worth 900 billion KRW and the Ulsan floating offshore wind power complex worth 36 trillion KRW.
A blueprint for the IT business was also unveiled. Korea Technology introduced its specialized technology roadmap featuring IoT radar and geomagnetic sensors that detect parked vehicles and provide information, and simultaneously announced a three-year plan for the IoT parking sensor business, declaring entry into the New Deal Smart City Challenge main project.
Leveraging Korea Technology’s specialized technology, the company plans to increase sales in the smart parking sensor market by 1000% in 2023 compared to 2020.
Shin Yonggu, CEO of Korea Technology, said, “We believe that these future growth engines will create even greater synergy through the combination of IT and construction.” When asked about a simplified merger, he said, “We are reviewing various measures to enhance shareholder value.”
Seo Boknam, CEO of Daewoo Shipbuilding & Marine Engineering Construction, stated, “Korea Technology is a company that does not remain in the past but changes according to current trends,” and added, “We are striving to discover various future growth engines suited to the times, such as offshore wind power, which is a rising topic worldwide including the US and Europe, and smart logistics centers driven by the trend of non-face-to-face markets.”
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