Ido Co., Ltd. Appoints Former Daewoo Construction and RBC Executive as CEO... Strengthening Environmental Infrastructure and Real Estate

From the left, Joo Hyojun, the new Head of Environmental Infrastructure Division (Vice President), and Ahn Junsang, the Head of Real Estate Division (Vice President)

[Asia Economy Reporter Lim Jeong-su] YIDO, the only integrated management specialized operator and O&M (Operating & Management) platform company in Korea, has newly appointed division heads from domestic large corporations and global investment banks (IB). This move aims to strengthen expertise in investment and integrated operation management in the environmental infrastructure and real estate business sectors.

On the 5th, YIDO announced the appointment of Vice President Joo Hyo-jun, formerly of Daewoo Construction, as head of the environmental infrastructure business division, and Vice President Ahn Joon-sang, formerly of Royal Bank of Canada (RBC) and Samsung Securities, as head of the real estate business division.

Newly appointed Vice President Joo graduated from Korea University with a degree in Civil Engineering, earned a master's degree in Hydraulic Engineering from the same university's graduate school, and obtained a master's degree in Construction Management (CM) from the University of Leeds in the UK. He then joined Daewoo Construction's civil engineering design and technology team, served as an executive in charge of private investment and environment at Hanwha Construction, and held executive positions in environment and renewable energy at Daewoo Construction, leading related businesses overall.

He has executed projects such as the 47-megawatt (MW) Jeju citrus farm solar power project (80 billion KRW), the 80 MW Yeongyang onshore wind power project in Gyeongbuk (150 billion KRW), and private sewage construction projects totaling 400 billion KRW and 400 km in Hwaseong, Yangju, and Jeju. He is an expert in environment and infrastructure fields, having led construction projects including the 13 trillion KRW Pyeongtaek?Siheung private highway (42 km), the Bongdam?Songsan highway (80 billion KRW, 16 km), and the Third Gyeongin Expressway (45 billion KRW, 14 km).

Newly appointed Vice President Ahn Joon-sang, head of the real estate business division, graduated from Konkuk University with a degree in Real Estate, earned a master's degree in Financial Management from Sogang University, and a master's degree in Real Estate from Cornell University. He has worked in Samsung Life Insurance's strategic investment team, served as director at the Royal Bank of Scotland (RBS) in Hong Kong and Singapore, held senior positions in real estate asset capital markets at Royal Bank of Canada (RBC) and Wells Fargo in Hong Kong, and was head of the alternative investment division at Samsung Securities IB, making him an expert in domestic and international commercial real estate physical investment.

With these new appointments, YIDO plans to strengthen its environmental expertise by establishing a full value chain from waste intermediate treatment and recycling to incineration and landfill, while actively fostering renewable energy sectors such as fuel cells, solar power, and wind power. The company also plans to further enhance its existing integrated infrastructure operation management services and build capabilities to lead private investment proposal projects as the lead manager.

Furthermore, YIDO intends to expand its integrated operation management capabilities to the public sector, including discovering and investing in real estate alternative investment assets (Value-Add assets), business analysis and proposals, and long-term operations, while also strengthening expertise in real estate asset operation management such as PM (Property Management), FM (Facility Management), and LM (Leasing Consulting).

Choi Jeong-hoon, CEO of YIDO, stated, "Recently, through self-investment in facilities, we have doubled the scale of eco-friendly construction waste facilities and processing capacity, and reduced the vacancy rate of the large-scale office Gwanghwamun City Square from 100% to 'zero' within six months." He added, "We will strengthen our position as a company specialized in increasing asset value from financial planning, operation and management to sale, including normalizing golf courses where construction was halted."

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