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GS Engineering & Construction Dips on Woes over Apartment Parking Lot Collapse

GS Engineering & Construction Dips on Woes over Apartment Parking Lot Collapse
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GS Engineering & Construction dips on woes over apartment parking lot collapse

Shares in GS Engineering & Construction Corp. tumbled more than 15 percent Thursday morning, one day after the government blamed the major builder for the April collapse of an apartment parking lot. The land ministry announced Wednesday that GS Engineering & Construction's poor management from design to quality control was responsible for the April 29 collapse of an underground parking lot's roof at.

Soult ukpyolsiSouth koreaInch on gwangyoksiBaek jae seungKorea investment securities coGs groupSamsung securities coGs engineering construction corpKorea investment

GS shares nosedive on reconstruction of apartment complex

Shares of GS Engineering & Construction (GS E&C) fell sharply Thursday after the company announced its decision to completely rebuild an apartment complex after a collapse in an underground parking garage. The stock price of the construction company extended a loss of more than 18 percent following GS overnight announcement that it would demolish all 17 apartment buildings and rebuild them from scratch.

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Steelmakers consider upping dividends to ease shareholder concerns over restructuring

Steelmakers consider upping dividends to ease shareholder concerns over restructuring

Baek jae seungKim chul heeLg energy solutionSeah besteel corpSamsung securitiesEah besteel