GS E&C

Construction
006360:Korea SE
South Korea
GS E&C

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"For South Korean builders such as GS Engineering & Construction Corp, a deal would give a lift for a sector buffeted by sluggish demand in the Middle East, the industry's biggest market. Shares in GS E&C, which walked away from a $1.2 billion project in Iran five years ago as sanctions escalated, gained nearly 5 per cent on Wednesday, and South Korea's construction index ended nearly 3 per cent higher on hopes the Iran deal will generate new business. 'When the Iranian nuclear agreement is reached and sanctions are lifted, we plan to actively re-enter Iran's construction market,' said Huh Tai-youll, a GS E&C spokesman." (NDTV, "Asia Inc Looks to Post-Sanctions Iran for Demand Spurt," 7/15/15)