Kim Bohyeon, New CEO of Daewoo Construction, "Will Minimize Risks to Maximize Profits"

CEO Inauguration Ceremony Held at Daewoo E&C Headquarters on the 17th
Inaugural Speech Emphasizes 'Site Management,' 'Solid Management,' 'Technological Innovation,' and 'New Growth Engines'

At the CEO inauguration and retirement ceremony held on the 17th at Daewoo E&C Prugio Art Hall, newly appointed CEO Kim Bohyun is shaking the morale of Daewoo E&C. (Photo by Daewoo E&C)

Kim Bohyun, the new CEO of Daewoo E&C, set a goal of solid management through risk reduction and profit maximization in his inaugural speech. On the 17th, a handover ceremony between outgoing CEO Baek Jungwan and incoming CEO Kim Bohyun was held at the Daewoo E&C headquarters Prugio Art Hall.

At the event, CEO Kim emphasized "site management," "solid management," "technological innovation," and "new growth engines," urging, "Let us prioritize a safety-first culture and manage sites with dedication as if protecting our own family." He also proposed, "To overcome the current crisis in the construction industry, let us maximize profits and reduce risks within the framework of solid management to build a robust Daewoo E&C that can respond to market uncertainties together."

He further highlighted smart construction and new business ventures, expressing his ambition to lead the industry by enhancing productivity and efficiency throughout the entire process of building design, construction, and maintenance using innovative technologies such as BIM and PC, which are smart construction technologies that change the paradigm of the construction industry. He also shared plans to secure new growth engines through the concretization of new business areas beyond construction.

CEO Kim stated, "Based on the organizational culture Daewoo E&C has built over the past 50 years, we must foster a horizontal organizational culture to leap into a 100-year company, establishing an active and proactive collaboration system based on trust and cooperation between teams and headquarters." Daewoo E&C is advancing development projects in three core regions?North America, Africa, and Southeast Asia?in step with Chairman Jung Wonju, who is leading overseas market expansion. At the same time, the company is diversifying its business portfolio by simultaneously pioneering new markets such as Turkmenistan and the Czech Republic.

The handover ceremony was attended by about 250 executives and employees, including Daewoo E&C Chairman Jung Wonju, Vice Chairman Jung Jinhang, and executives from group companies. In his encouragement speech, Chairman Jung expressed, "I deeply thank outgoing CEO Baek Jungwan for growing the company and solidifying the foundation for the future through outstanding leadership and rich experience amid challenging internal and external management environments." He added, "Under the leadership of newly appointed CEO Kim Bohyun, I am confident that all employees will communicate and cooperate to advance into a more excellent and innovative global construction company."

Outgoing CEO Baek Jungwan, in his farewell speech, said, "The most valuable moments in my life were the times spent with Daewoo E&C, and I am about to conclude my 40-year journey with the company." He urged, "I hope everyone will unite in the face of difficulties and move toward greater goals."