Daewoo Shipbuilding & Marine Engineering Construction, 'SOC Expert' Former Samsung C&T Executive Director Jo Jaeyong Joins

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, which has recently seen a significant increase in orders, has launched its first recruitment signal in the second half of the year to secure talent.

KOSDAQ-listed Korea Technology Daewoo Shipbuilding & Marine Engineering Construction (Chairman Kim Yongbin) announced on the 24th that it has decisively recruited Jo Jaeyong, a top domestic SOC project expert with 20 years of experience and former Samsung C&T executive director, as the head of the order development division (executive director).

Jae-Yong Cho, Executive Director, Head of Order Development Division, Daewoo Shipbuilding & Marine Engineering Construction.

Executive Director Jo earned a master's degree from Seoul National University Graduate School and laid the foundation in the construction field while leading the urban planning division at Dongbu Engineering. After joining Samsung C&T, he became a specialist in private investment projects by managing all of Samsung's SOC private investment projects for 20 years.

In particular, after successfully leading large-scale constructions such as the Busan New Port at Samsung C&T, he served as executive director of the investment division at IMM Investment in 2015, mastering both construction and finance areas of private investment projects. Externally, he is known to have extensive human networks through activities as a full member of the Seoul Real Estate Forum and an advisory member of the Overseas Construction Association.

Seo Boknam, CEO of Daewoo Shipbuilding & Marine Engineering Construction, said, “The company is currently growing rapidly, with continuous good news such as credit rating upgrades, improved financial status, and a surge in order volume,” adding, “The recruitment of Executive Director Jo, the top veteran in the domestic SOC sector, will give wings to Daewoo Shipbuilding & Marine Engineering Construction’s growth.”

He continued, “We plan to continue recruiting the best talent with the industry's best treatment,” and added, “We are confident that within a few years, we will become the construction company that offers the most incentives.”

Meanwhile, Daewoo Shipbuilding & Marine Engineering Construction recently significantly raised its annual order target for this year from the initially set 1.5 trillion KRW to 2.2 trillion KRW.