
Negotiated with Daewoo Engineering & Construction Consortium… Main construction begins in the first half of next year, with the goal of opening the port in 2035
AI-generated summary
The Ministry of Land, Infrastructure and Transport and the Gadeokdo New Airport Construction Corporation completed the basic design last September, but follow-up procedures were temporarily suspended due to problems with realizing construction costs due to the war in the Middle East.
The Ministry of Land, Infrastructure and Transport and the Gadeokdo New Airport Construction Corporation announced on the 9th that they will begin the detailed design in consultation with the Daewoo Engineering & Construction consortium, which is a preliminary candidate for a negotiated contract for the site development work of the Gadeokdo New Airport.
After completing the basic design last September, follow-up procedures were temporarily suspended due to problems with realizing construction costs due to the war in the Middle East, and it was decided to start with the detailed design first to avoid disruption to the main construction start and port opening schedule.
Detailed design will be carried out for 180 days from the start date, and the Ministry of Land, Infrastructure and Transport and the Corporation plan to begin main construction in the first half of next year after completing the detailed design and verifying design adequacy. The target opening date is 2035.
In addition, the Ministry of Land, Infrastructure and Transport is discussing with the National Assembly the revision of the Gadeokdo New Airport Act so that the increase in prices due to the war in the Middle East can be reflected in construction costs.
We plan to continue discussions with Daewoo Engineering & Construction with the goal of concluding a priority construction contract in connection with the law revision within the year.
The Ministry of Land, Infrastructure and Transport said, “We will work with the Corporation to carry out the detailed design and follow-up procedures for site development work without a hitch and do our best to build a safe and high-quality Gadeokdo New Airport.”
AI outlook — possibilities, not facts
The main construction of Gadeokdo New Airport site is scheduled to begin in the first half of next year.
Likely · Within months
The project is scheduled to be carried out with the goal of opening Gadeokdo New Airport in 2035.
Possible · Within years

Hankook & Company Group conducted regular executive personnel reshuffles in 2027, promoting a total of 49 people, including 3 from Hankook & Company, 27 from Hankook Tire & Technology, and 19 from Hanon Systems. Talent management focused on performance and competency was strengthened by selecting young talents who had not been team leaders as executives and promoting five people to vice president. The personnel implementation date is December 1, about a month earlier than usual.

The stock price of Micron, an American memory semiconductor company, plummeted, dropping the expected PER to 3.8 times, the third lowest among S&P 500 stocks. Experts gave mixed outlooks over concerns about profit sustainability and whether the memory industry was cyclical.

NVIDIA founder and CEO Jensen Huang is facing an affair scandal, allegations of Chinese intelligence spying, and a U.S. Congressional investigation. NVIDIA, which does not have an official succession plan, was exposed to keyman risk due to a governance structure that was excessively focused on CEO Hwang, and the risk of division of assets exceeding 100 trillion won in the event of divorce was also raised.

According to a survey by SNE Research, global electric vehicle battery anode material loading from January to September this year increased by 21.1% compared to the same period last year, reaching 1.202 million tons. The global market excluding China increased by 28.8%, expanding its share to 39.6%, and growth centered on Chinese mid-tier companies continued. Korea's POSCO Future M ranked 10th with 16,000 tons, a 5.0% decrease.

The late Cho Seok-rae, Honorary Chairman of Hyosung Group, received the 24th Korea-US Friendship Award for his contribution to promoting Korea-US economic cooperation and friendship. Chairman Cho Hyun-joon received the award on behalf of his father, and Honorary Chairman Cho contributed to private diplomacy, including publicizing the need for the Korea-US FTA and contributing to joining the US visa waiver program.

IKEA Korea will open 'IKEA Hyundai Premium Outlet Daejeon Branch', the first urban store in Daejeon and Chungcheong, at the Daejeon branch of Hyundai Premium Outlet in Yuseong-gu, Daejeon on the 19th. With an area of approximately 1,000 m2 (approximately 300 pyeong), it is the third urban store this year along with the Daegu branch, and sells approximately 1,000 home furnishing products.