Business · Companies · 1 hr ago
South Korea to honor overseas construction leaders and firms
South Korea will hold its overseas construction and plant industry ceremony in Seoul on Nov.
3.
The annual event recognizes work on projects built outside South Korea and marks a 1965 contract for a highway in Thailand.
Fourteen people will receive government awards for contributions to the industry.
Among them are executives from Samsung C&T, Daewoo Engineering & Construction and SGC E&C, recognized for overseas contracts and opening new markets.
Seven companies will receive presidential awards based partly on contracts won in the past two years.
The land minister is expected to announce plans to use 1 trillion won in government funding to create a 3 trillion won strategic investment fund and establish graduate training for overseas investment projects.
South Korea will hold a ceremony on Nov. 3 to honor people and companies for contributions to overseas construction.
Fourteen people will receive government awards, and seven companies will receive the Presidential Tower of Overseas Construction.
The event is expected to draw about 500 people, including Land Minister Hong Ji-sun and industry representatives.
The ceremony will take place at the Construction Center in Seoul at 2 p.m.
The occasion commemorates a 1965 overseas construction contract for a highway in Thailand.
- Who
- South Korea's Ministry of Land, Infrastructure and Transport, the International Contractors Association of Korea and the Korea Plant Information Technology Association are organizing the ceremony.
- What
- The ceremony will honor 14 people with government awards and give seven companies the Presidential Tower of Overseas Construction.
- When
- Nov. 3, 2026, at 2 p.m.
- Where
- The Construction Center in Seoul, South Korea.
- Why
- The day commemorates Hyundai Engineering & Construction's 1965 contract to build a highway in Thailand.
This story does not have two clearly opposing sides.
Hyundai Engineering & Construction won a contract to build the Pattani–Narathiwat highway in Thailand.
The overseas construction and plant day ceremony was held for the first time.
The ceremony has been held every two years.
The next ceremony is scheduled to take place at the Construction Center in Seoul.
- Government awards
- 14 recipients
- Presidential Tower of Overseas Construction
- 7 companies
- Expected attendance
- About 500 people
- Ceremony time
- Nov. 3, 2026, at 2 p.m.
- Venue
- Construction Center, Seoul
- Expected funding plan
- 1 trillion won in government funding to create a 3 trillion won strategic fund