Former DL Construction head joins dual leadership structure; company targets balanced growth in construction and energy
BS Hanyang said Wednesday its board has appointed Park Yu-shin, who had been overseeing the company's construction division, as co-CEO. Park will lead the company alongside incumbent CEO Choi In-ho under a dual leadership structure.
Park joined DL E&C in 2001 and built extensive on-site experience across the construction industry before serving as CEO of DL Construction. He has headed BS Hanyang's construction division since 2024.
The company said the appointment marks the start of a push to consolidate stable earnings in its core construction business while accelerating the group's future energy strategy, including solar power and liquefied natural gas.
Despite a sluggish construction market last year, BS Hanyang secured more than 1 trillion won (about $659 million) in new contracts from urban redevelopment projects alone, including sites in Seoul's Myeongmok-dong and Incheon's Geumsong zone. The company also diversified its contract pipeline through public-private development projects in Pyeongtaek Godeok and Miryang Bubuk, reinforcing the competitiveness of its housing brand Sujaein. With a total order backlog of 8 trillion won — including self-developed projects — BS Hanyang said it is focused on improving long-term sales visibility while managing risk with a focus on profitability. The company is also pressing ahead with a 5.4-gigawatt renewable energy complex under development in the Solaseado area of Haenam-gun, South Jeolla Province.
BS Hanyang already operates solar power plants at Solaseado, Goheungman and Haechang Bay, and is on track to complete a biomass power plant in Gwangyang this year and begin commercial operations at a liquefied natural gas hub terminal in Yeosu in 2028 — developments the company said signal that its energy business is entering a full-scale profit-generating phase.
"The solid performance of our construction division will serve as a strong foundation for the growth of our energy business," Park said. "We will enhance BS Hanyang's long-term corporate value through balanced growth across both construction and energy."
hwshin@heraldcorp.com
