ICIE promotes cooperation in the construction sector between Russia and the Republic of Korea

Vladivostok, August 1, 2018

With the assistance of Representative Office of the International Congress of Industrialists and Entrepreneurs in the Asia-Pacific region,the meeting of the deputy head of the city of Vladivostok Sergey Sherstyuk with the president of the large South Korean construction company IS Dongseo Co., Ltd Mr. Kwon Hoek Woon took place.

During the meeting, the president of IS Dongseo Co., Ltd. expressed interest in developing mutually beneficial cooperation between Primorsky Krai, particularly Vladivostok and the Republic of Korea in the construction sector.

The parties discussed options for such cooperation and possible projects, in which IS Dongseo Co., Ltd. could take part. In particular, a project was proposed for consideration of the construction of a cable car, which would unite the three islands of Vladivostok urban district – Russky, Popov and Reineke, as part of the implementation of the plan to develop the city of Vladivostok and improve the infrastructure of the city.

For reference: IS Dongseo Co., Ltd was established in 2008 from the merger of two major South Korean companies – Ilshin construction and Dongseo. The company implements projects in the field of housing construction, including the construction of villas and apartment buildings, as well as state projects, in particular, carries out marine and engineering work. IS Dongseo made a breakthrough in the construction of high-class villas in Busan and became a leader in the sector of construction of apartment buildings. The total asset of the company is $ 2 trillion with an income of $ 1 trillion.