# DL E&C

DL E&C is an Asset Manager based in Seoul, South Korea.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 1939
- **Assets under management:** Undisclosed
- **Website:** dlenc.co.kr

## Regulatory record

- **Reports private funds:** No

## About

DL E&C is a construction company founded in 1939 in Seoul, South Korea. It provides engineering, procurement, and construction services for plant works, civil works, building works, and housing works sectors.

## Sectors

- Infrastructure
- Real Estate
- Energy Transition & Renewables

## People

- Sang-Woo Lee — Vice Chairman & CEO

## Questions

### How does DL E&C source its largest projects?

DL E&C relies on repeat relationships with state-owned oil companies in the Middle East and Southeast Asia, where it has been a qualified EPC bidder for decades. The firm often competes via pre-qualified tender lists and joint-venture consortiums with Korean financial backers, a model underpinned by its historical presence in Saudi Arabia and Indonesia.

### What is DL E&C's relationship to DL Group?

DL E&C was separated from DL Group's petrochemical operations in 2021 as part of a broader holding-company restructuring. It now operates as an independent EPC entity listed on the Korea Exchange, though the founding Lee family retains significant indirect ownership through DL Holdings.

### What energy-transition capabilities does DL E&C have today?

The firm is actively building hydrogen production facilities and CCUS infrastructure, targeting 4,000 tons per year of hydrogen output. These projects build on its existing expertise in LNG terminal construction and gas-processing plants, applying its modular construction methods to lower-carbon energy infrastructure.

### Which regions are most critical to DL E&C's project backlog?

The Middle East, particularly Saudi Arabia and the United Arab Emirates, accounts for the largest share of international backlog. Southeast Asia, led by Indonesia and Vietnam, is the second-largest region, with smaller but recurring contracts in North Africa.

### How did DL E&C perform financially in 2023?

The firm reported approximately 7.2 trillion KRW in new project awards for 2023, driven by large-scale petrochemical and gas-facility contracts in the Middle East. Margins recovered modestly after the Lee-led restructuring tightened cost controls across combined plant and civil divisions.

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Last updated: 2026-06-03T20:00:00.000Z

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