Ministry of Land, Infrastructure and Transport, International Contractors Association of Korea, Korea Plant Information Technology Association to Announce Team Korea Vision

The Ministry of Land, Infrastructure and Transport said it will hold a ceremony for the 2026 Overseas Construction and Plant Day at the Construction Hall in Seoul on November 3, in collaboration with the International Contractors Association of Korea and the Korea Plant Information Technology Association.


The event commemorates the first overseas construction contract, won by Hyundai Engineering & Construction for a highway project in Thailand on November 1, 1965. It was first held in 2005 and has taken place every other year since 2006. This year’s slogan is “Building the Future Beyond the World.” Overseas construction companies and the government will announce the Team Korea vision for the future. Attendees will include Minister of Land, Infrastructure and Transport Hong Jiseon; Han Manhee, president of the International Contractors Association of Korea; Democratic Party of Korea lawmakers Jeong Ilyoung and Son Myeongsu; and the chairman of the Korea Federation of Construction Associations.

Artist's rendering of Mozambique LNG Area 1. Courtesy of Daewoo Engineering & Construction.

Artist's rendering of Mozambique LNG Area 1. Courtesy of Daewoo Engineering & Construction.

View original image

Na Seungil, an executive at Samsung C&T, will receive the Silver Tower Order of Industrial Service Merit in recognition of his contribution to overseas contract wins worth $11 billion in sectors including airports and power generation. Fourteen people were selected to receive government awards, including Baek Inhong, an executive at Daewoo Engineering & Construction, and Lee Heesong, vice president of SGC E&C, who will receive the Bronze Tower Order of Industrial Service Merit. Thirty-one people, including Kim Seunghyun, deputy manager at Korea Expressway Corporation, and Kim Eunhwan, team leader at Samsung C&T, will receive commendations from the minister of land, infrastructure and transport. Seven companies, including Samsung C&T, will receive the Overseas Construction Tower, awarded in the name of the president.



Minister Hong said, “To transform the overseas construction industry into a high-value-added sector based on technological capabilities and global finance, the government will invest KRW 1 trillion in public funds to establish a new strategic fund worth KRW 3 trillion. We will also systematically develop talent, including by establishing a graduate school to train specialists in overseas investment and development projects, and provide tailored support to help Korean companies expand overseas.”


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

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.

Today’s Briefing