Shindong-A Construction "Jukdojeong Order Prayer Ceremony... Pledging Target of 1.6 Trillion Won"

[Asia Economy Reporter Yuri Kim] Shindonga Construction announced on the 6th that on the 4th, about 80 executives and employees related to order-winning sales, including CEO Lee In-chan, visited Jukdojeong in Yangyang-gun, Gangwon Province, and held an order-winning prayer ceremony to achieve the 2020 order-winning target.

Marking its 43rd anniversary this year, Shindonga Construction set its management policy for this year as 'Re-Start! The Beginning of Change, the Cornerstone of Growth' and set the order-winning target amount at 1.6 trillion KRW.

A Shindonga Construction official emphasized, "This year, the company plans to challenge all business areas by selecting profitable projects such as design competition projects, technical bidding projects, urban development projects, and maintenance projects." To this end, last month, the company reorganized its structure and established a Public Competition Project Team for design competitions and an RM (Risk Management) Team. As the company entered the path of management normalization last year, corporate credit ratings have also improved, which is expected to positively affect this year's business orders, including sole bidding, public, and government projects.

CEO Lee In-chan, who attended the order-winning prayer ceremony, said, "In the first year after management normalization, we held the order-winning prayer event while looking at the sunrise over the East Sea with the mindset of starting anew," adding, "All executives and employees will unite as one to achieve this year's order-winning target so that 2020 will be remembered as the first year of Shindonga Construction's leap forward."

Meanwhile, Shindonga Construction recorded an operating profit of 28 billion KRW last year and has maintained profitable management for five consecutive years since 2015. The company plans to lead a second leap forward through diversification of business areas to secure future growth engines.

This content was produced with the assistance of AI translation services.