After overcoming its structural crisis, Namkwang Engineering began gaining unrivaled fame in civil engineering based on the accumulated know-how, technology, and construction experience; with the “Ssangyong Sweet Dot Home” apartment brand, Namkwang Engineering received love from the customers.
Through its continuous rising trend in Korea and overseas, Namkwang Engineering joined the Ssangyong Group family and established a foundation for yet another leap forward. Afterwards, Namkwang Engineering completed various constructions such as Shincheon Sewage Treatment Plant, ADB loan road, Far East District US Army Corps of Engineers (FED) construction, and the Second City Highway in Busan, through painstaking effort of the executive and the staff members.
Namkwang Engineering also expanded its business area and expanded into the housing business on 1995, providing and being loved by the customers for the “Ssangyong Sweet Dot Home” apartments for 50,000 households.
Namkwang Engineering successfully expanded overseas to the Philippines, Saudi Arabia, Iraq, Jordan, etc. and won contracts for foreign construction worth 1.5 billion USD total, gaining fame overseas.
After the first expansion overseas to the Philippines on May 1974, Namkwang Engineering set its construction stage overseas, expanding on to Saudi Arabia, Iraq, Jordan, and other Middle Eastern countries, propelling its full-scale overseas expansion.
Afterwards, Namkwang Engineering performed foreign constructions worth 1.5 billion USD total over 38 constructions and contributed to the development of Korean economy with its overseas expansion; on 1982, Namkwang Engineer received the 「Foreign Construction 1 Billion USD Tower」. The technology of Namkwang was recognized both in Korea and overseas and set a new milestone for the history of Korean construction, growing into a construction company ranked 7th in its ability for subcontract construction in Korea (1977).
Growing seasonFrom 1961
On 1964, the headquarters moved to Seoul, and the business area expanded to construction, civil engineering, plants, etc. to raise its status as a blue chip construction company both in letter and in spirit.
The major business stage of Namkwang Engineering was in Busan and Gyeongsangnam-do; in 1964, it moved its headquarters to Seoul (Supyo-dong, Jung-gu) and expanded its business areas to every area of construction, including construction, civil engineering, and plants.
With a pioneer’s spirit which actively seeks and performs difficult constructions avoided by other companies, Namkwang Engineering has raised its status as a large construction company.
Early start-upFrom 1947
Founded in July 7, 1947 in Busan under the name Namkwang Engineering Company, Namkwang Engineering Co., Ltd. began its swift growth as it took charge of city reconstruction of national infrastructure, including railways, harbors, roads, and bridges. Namkwang Engineering, which was founded as ‘Namkwang Engineering Company’ in Busan immediately after the Korean Independence on July 7, 1947, opened the first page of its history with the joy of independence. Namkwang Engineering took part in wide areas of city reconstruction for the devastated national infrastructure such as railways, harbors, roads, and bridges; Through postwar restoration project immediately after the end of the Korean War, it showed swift growth majorly in civil engineering, based on credibility that were built over the years and steady company management.