Hyundai Engineering and Construction Co., Ltd. prepared for Chinese markets

Hyundai Engineering and Construction Co., Ltd. decided to join the construction real estate market in China actively. According to Hyundai Engineering and Construction on July 25, Shim, Hyungyoung, president of Hyundai Engineering and Construction Co., Ltd., who is now attending `2001 overseas business meeting`, announced their business strategies containing the above plan in Asia and Pacific area meeting at Golden Coast Hotel in Hong Kong on July 24 and urged the overseas branch heads and directors to work hard.

Shim said, `` China, that has shown a rapid economic growth, is an important market we shouldn’t lose. We have to target the construction projects and the real estate markets in the mainland China through Hong Kong developers actively.``. He also said, ``If we engage a large profitable construction real estate development business in conjunction with world-class developers strategically, our company’s credibility will be enhanced, greatly helping our overseas businesses.``

At this meeting, there were about hundred participants, including President Shim, senior officers and staffs of the overseas business from Headquarters, and 60 branch heads of Asia and Pacific area.

jsonhng@donga.com