Daewoo E&C taps new CEO nominee

Daewoo Engineering & Construction said Thursday that CEO Kim Bo-hyun has decided to step down voluntarily ahead of the expiration of his term, with the company nominating Lee Kang-seok, current head of external cooperation and senior vice president, as its next CEO in a leadership transition aimed at accelerating future growth. The Korean builder said it accepted Kim's resignation and plans to recommend Lee as its next leader. The nomination will be finalized through a board meeting. According t