
AI-generated summary
Daewoo Engineering & Construction proceeded with the process of appointing a new CEO through the general shareholders' meeting and the board of directors.
(Seoul = Yonhap News) Reporter Lim Ki-chang = Daewoo Engineering & Construction [047040] announced on the 5th that it officially appointed CEO Lee Kang-seok after a general shareholders' meeting and board of directors meeting on the 2nd and held an inauguration ceremony.
In his inauguration speech, the new CEO said, “A new future does not come by waiting, but is created by our choices and actions,” and presented ‘SUMMIT·TOGETHER·CHALLENGE’ as the three core management directions for a new leap forward.
CEO Lee explained that 'SUMMIT' symbolizes the will to challenge for the top based on fundamentals and substance, and 'TOGETHER' symbolizes the direction of creating an organizational culture where people understand each other and work together. Through 'CHALLENGE', the company expressed its will to boldly challenge new markets and businesses based on the technology and experience it has accumulated.
In detail, it suggested responsible business management from order receipt to completion, selection of quality projects and strengthening risk management, recovery of accounts receivable and improvement of financial soundness, lowering the walls between sites and headquarters, and headquarters and headquarters, expansion of business territory focusing on overseas base markets, and discovery of future growth areas including artificial intelligence (AI) infrastructure.
CEO Lee emphasized, "We will make what we are good at even stronger, and challenge ourselves without fear in areas we have not ventured into before. SUMMIT, aim for a higher goal, TOGETHER, unite each other's strengths, and CHALLENGE, let's boldly challenge a new future."
AI outlook — possibilities, not facts
Daewoo Engineering & Construction will expand its business territory focusing on overseas base markets.
Possible · Within months
Daewoo Engineering & Construction will discover and invest in future growth areas, including artificial intelligence (AI) infrastructure.
Possible · Within months

CU has launched two types of corn pie and apple pie that can be cooked and eaten immediately in stores in response to the cold weather. As a result of sales analysis from the 28th of last month to the 4th of this month, sales of winter products such as instant fish cake (57.3%), hot Americano (53.1%), and roasted sweet potato (40.3%) increased significantly, and CU plans to hold a 2+1 event for a month.

HD Hyundai Site Solution is the first domestic brand to launch a lineup of 10 to 18 ton large electric forklifts, expanding the electrification of heavy-duty work sites such as shipyards and ports. The new product has achieved diesel forklift-level performance with high-voltage batteries and rapid charging technology, and the total cost of ownership analysis showed that the initial price difference can be offset within 2 to 3 years.

Gyeongbuk Province announced on the 5th that it will expand cooperation in future industries such as artificial intelligence and semiconductors with the U.S. government of Utah and the University of Utah. The two sides signed an economic cooperation agreement and an agreement for global expansion of startups and innovative companies, technology commercialization, joint research, and industry-academia cooperation, and plan to support local companies' entry into the U.S. market through the establishment of a Gyeongbuk-Utah global open innovation hub, company matching, and joint project discovery.

CJ CheilJedang announced that it will launch its premium spirits brand 'Jari' in Los Angeles, the western market of the United States, following New York, confirming supply to local Michelin restaurants, and expanding sales channels.

After the government announced the August 3 tax reform plan, transactions for apartments in Seoul under KRW 1.5 billion accounted for approximately 79%, showing an increase, and in particular, the proportion of homes eligible for low-interest policy loans under KRW 600 million increased significantly to 25%. On the other hand, ultra-high-priced apartments in the Gangnam area are continuing to see low transactions and price declines, deepening the decoupling phenomenon between the high-priced and mid-low-priced markets.

Jeonnam Gwangju Unified Special City submitted a donation agreement to the city council for the integration of Jeonnam Techno Park and Gwangju Techno Park. The taxes and fees resulting from integration alone are estimated at 8.038 billion won, with acquisition tax accounting for the largest portion. Next year's total budget is expected to be 416.3 billion won, an increase of 32.7 billion won from this year.