Seojaehwan, CEO of Kumho Construction, Receives National Assembly Speaker Award for 'R&D Entrepreneur Award'

Jae-Hwan Seo, CEO of Kumho Construction

Seo Jae-hwan, CEO of Kumho Construction, received the 'Research and Development (R&D) Management Award,' the Speaker of the National Assembly Award, at the '14th Construction Technology Research Best Practices' contest hosted by the Korea Construction Management Association.

On the 19th, Kumho Construction announced that CEO Seo was awarded the R&D Management Award after a comprehensive evaluation of his management philosophy as a CEO, R&D organizational operation, and R&D management performance, followed by review and approval by the National Assembly.

CEO Seo was highly evaluated for his significant contributions to fostering a construction culture that values technology and developing eco-friendly technologies through research and development in promising next-generation future fields.

In fact, Kumho Construction has recently stood out in the environmental technology sector. They have succeeded in commercializing biogas technology that produces energy using livestock manure and food waste, boasting high technological capabilities in the renewable energy field.

In the water treatment sector, which is growing as a next-generation food industry, they completed technology development early and are applying the technology to water purification plants and sewage treatment plants nationwide.

Kumho Construction is also promoting R&D to discover future growth engines. To identify future new growth drivers, they are conducting R&D in soil remediation and smart construction technology fields.

Since Seo was appointed CEO of Kumho Construction in July 2016, he has improved profitability through investment in technology development and corporate restructuring. Sales improved from 1.3534 trillion KRW and operating profit of 41.8 billion KRW in 2016 to 1.83 trillion KRW in sales and 81.2 billion KRW in operating profit last year. Notably, this year, operating profit reached 91.7 billion KRW in the third quarter alone, surpassing last year's total operating profit.

A Kumho Construction official stated, "We plan to focus on technology development in related fields to secure the future construction market, represented by smart construction and eco-friendly technologies," adding, "The R&D entity, the Technology Research Institute, and the business departments promoting commercialization will cooperate more closely to lead the future construction market."

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