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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesWhen Kim Bo-hyun was inaugurated as Daewoo Engineering & Construction’s CEO in December 2024, he set two financial targets for 2027: annual net profit of KRW 1 trillion and a debt-to-equity ratio of 120%. His growth agenda paired those goals with overseas expansion, smart construction and business diversification. The announcement was a 2024 plan, not a new 2026 strategy. Later reports changed the leadership picture: Seoul Economic Daily reported in August 2026 that Kim had submitted his resignation and that Lee Kang-seok had been selected as successor, pending a board resolution.
What Kim set out to achieve
Yonhap reported in December 2024 that Kim’s targets for 2027 were KRW 1 trillion in annual net profit and a debt-to-equity ratio of 120%. The comparison figures reported at the time were Daewoo E&C’s 2023 net profit of KRW 521.5 billion and debt-to-equity ratio of 176.8%. These are the baseline figures cited with the announcement, not current results. Yonhap News Agency
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The targets paired earnings growth with a lower leverage ratio: the plan was not simply to pursue more work, but to improve profitability while strengthening the balance sheet. The announcement did not specify a year-by-year path to either 2027 target.
Where expansion was supposed to come from
Overseas markets
Kim named North America, Africa and Southeast Asia as priority overseas markets. He also said the company would explore emerging markets including Turkmenistan and the Czech Republic. The announcement identified these geographies as areas of focus; it did not provide project awards, investment amounts or revenue targets for each market. Yonhap News Agency
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Smart construction and new businesses
The plan also called for advanced smart-construction technologies to improve efficiency in design, construction and maintenance, alongside diversification into new business areas for long-term growth. In this framing, expansion meant more than increasing domestic construction volume: it included geographic reach, technology adoption and a broader business portfolio. The announcement did not name specific technologies or new business lines.
How the company’s wider strategy fits
Daewoo E&C’s official strategy page describes four broad priorities: portfolio optimization, advancing core businesses, developing new growth energy, and corporate-culture and change management. Its listed tasks include expanding eco-friendly business, improving project execution and development competitiveness, accelerating new-business initiatives, and leading smart-construction innovation. Daewoo E&C: Vision and strategy
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The company’s published CEO management policy also emphasizes efficient risk management, innovation-based cost competitiveness, cost-effective projects, customer satisfaction, safety and quality, ESG, compliance, core-business competitiveness, new businesses and technologies, and value-chain expansion. This is useful company context, but the page does not establish that every item was newly introduced with Kim’s December 2024 inauguration. Daewoo E&C: Vision and strategy
Together, the stated priorities connect financial discipline to growth: risk and cost control are intended to support better project execution, while overseas markets, technology and new businesses broaden potential sources of work.
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What later developments show—and do not show
2026 targets and leadership changes
Daewoo E&C reappointed Kim as an inside director in March 2026. At that time, he cited a 2026 target of KRW 18 trillion in new orders and KRW 8 trillion in revenue, along with preemptive risk management and cost innovation. Seoul Economic Daily
In August 2026, Seoul Economic Daily reported that Kim had submitted his resignation and that Lee Kang-seok had been selected as successor. The report said the appointment was not finalized and required a board resolution. It does not establish whether that resolution subsequently took place, so Lee’s formal appointment cannot be confirmed from that report alone. Seoul Economic Daily
First-half performance and order guidance
Seoul Economic Daily’s August 2026 report put first-half revenue at KRW 3.9949 trillion, down 8.2% year over year, and operating profit at KRW 487.9 billion, up 109%. It reported a 12.2% operating margin for the first half of 2026, versus 5.4% in the first half of 2025. The report attributed the earnings improvement to cost-ratio stabilization and better profitability in the building division. These are reported results, not independently verified figures here. Seoul Economic Daily
The same report said Daewoo E&C raised its 2026 new-order target from KRW 18 trillion to KRW 27 trillion, citing expected major overseas awards. That is a change in annual order guidance, not evidence that the company had already secured orders at that level. The reported first-half operating improvement offers a sign of progress on profitability, but it does not establish whether the separate 2027 net-profit and debt-to-equity targets announced in 2024 were achieved. Seoul Economic Daily
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