Worldwide Contractors Affiliation of Korea (ICAK) Chairman Han Man-hee speaks throughout a rare basic assembly of the affiliation’s members on the ICAK headquarters in Seoul, Thursday. Courtesy of ICAK
By Park Jae-hyuk
The Worldwide Contractors Affiliation of Korea (ICAK) held a rare basic assembly of its members, Thursday, to nominate former Vice Minister of Land, Transport and Maritime Affairs Han Man-hee because the twentieth chairman to steer the affiliation over the subsequent three years.
ICAK was established in 1976 to advocate Korean development corporations doing enterprise abroad.
It has gathered and analyzed knowledge from the worldwide development market over the previous 5 many years, aiding Korean development corporations in increasing their international presence.
Han, who handed the examination to turn into a authorities official in 1980, began his profession on the now-defunct Ministry of Development and Transport.
He had dealt with development, housing and land insurance policies on the ministry for greater than 30 years.
After serving because the administrator of the Nationwide Company for Administrative Metropolis Development between 2010 and 2011, he was appointed as the primary vice minister of land, transport and maritime affairs, who’s tasked with supervising abroad development tasks.
The ministry disbanded in 2013 with the institution of the Ministry of Land, Infrastructure and Transport and the Ministry of Oceans and Fisheries.
In 2013, he left the federal government to turn into a professor on the College of Seoul’s Worldwide Faculty of City Sciences, the place he research international development, city infrastructure growth, and worldwide growth cooperation.
“Uncertainties are surrounding abroad development as a result of international commerce conflict, unstable worldwide politics, and considerations over a possible U.S. financial recession,” Han stated in his inaugural tackle.
“I really feel nice duty as I took on this vital position because the ICAK chairman at this important time when the abroad development business has been compelled to search out new breakthroughs amid a paradigm shift to extremely value-added and eco-friendly tasks.”
He additionally vowed to induce related authorities establishments to implement measures that might help Korean development corporations in securing extra abroad contracts, particularly amid intense competitors from international rivals.
The federal government goals to attain $1 trillion in cumulative abroad development orders this yr. It’s specializing in securing large-scale contracts within the Center East, in addition to in international locations just like the Czech Republic, that are in search of the development of nuclear reactors.
“Han is anticipated to allow Korean development corporations to enhance their enterprise abroad, based mostly on his expertise and eager curiosity in abroad development tasks,” a development business official stated.
