Kumho Construction & Engineering Co Ltd - 000570- Profile

Kumho Construction & Engineering, Inc. (formerly Kwangju Highway Lines Inc. in 1993) is an express bus company which entered the construction business after its acquisition of Kumho Construction Co. in 1984 and is a unit of the Kumho Group. The company is involved in civil engineering construction, housing, real estate and sales of construction materials, transportation services including storage services and park operation. Construction income accounted for 53% of 1997 unconsolidated revenues; sale of building construction and housing, 27%; transportation and storage services, 16%; real estate operation, 3% and others including park operation and research service charges, 1%. Unconsolidated revenues accounted for 45.3% of 1997 consolidated revenues. The company has seven consolidated subsidiaries, six in South Korea and one in Hong Kong.