Daewoo Shipbuilding & Marine Engineering Construction "Continuous Order 'Jackpot' Success... This Year's Target 2.2 Trillion Won"

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, a subsidiary of Korea Technology, a KOSDAQ-listed company (Chairman Kim Yongbin), announced on the 17th that it will raise its order target for this year from 1.8 trillion KRW to 2.2 trillion KRW.

The original order target set by Daewoo Shipbuilding & Marine Engineering Construction for this year was 1.5 trillion KRW, which was raised to 1.8 trillion KRW in June following strong orders in the first half of the year.

In July and August, additional factors for upward revision emerged, including a two-level upgrade in the company’s credit rating, six consecutive early sell-outs of housing projects, and successful new orders in Seoul, Daegu, and Changwon.

As a result of an internal simulation of expected performance, it is predicted that the order volume will reach between 2.2 trillion KRW and a maximum of 2.4 trillion KRW by the end of the year, leading to a further upward revision of the target.

A Daewoo Shipbuilding & Marine Engineering Construction official said, “The upward revision of the target is proof that the company is rapidly developing,” adding, “Next year, when the sales from this year’s orders begin, our construction capability ranking will leap significantly, and the business references and stage itself will grow to an incomparable scale.”

Furthermore, the company plans to accelerate additional orders by recruiting talent under the best conditions in the industry.

Also, as the number of construction sites has more than tripled compared to last year, the company has decided to increase regular recruitment to twice a year and to significantly hire experienced employees through ongoing recruitment.

Currently, the company is supporting orders by offering exceptional incentives to executives and employees actively pursuing orders. In the second half of the year, it plans to recruit a large number of talented individuals with construction order capabilities and guarantee the best treatment in the industry.

A company representative stated, “The top management has already promised the best rewards to three business divisions dedicated to orders, and this will be extended to all employees,” adding, “We will also recruit a large number of construction experts well-versed in orders and guarantee the best incentives corresponding to the new order volume. We look forward to many applications from those confident in construction orders and those with abundant field experience.”

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