OREANDA-NEWS. August 03, 2012. Eurasia Insurance Company is participating in the reinsurance programme of one of the major South Korean industrial holding Halla Engineering & Construction Corp. - the press service of the company reported.

Halla Engineering & Construction Corp. focuses on the construction business in South Korea. The company primarily undertakes various civil works, which include road, tunnel, subway, harbor, and dredging works. It also engages in the construction of office, commercial, and public building projects; wastes treatment facilities, and water supply and drainage facility projects; and housing projects, such as apartment, villa, and residential office building projects. Currently, Halla is engaged in construction of Mokpo New Port, which will be the epicenter of Northeast Asia’s business, logistics, tourism and administration that is designed to cater to global demands.

Under a reinsurance contract construction and assembly risks, including delays in completion of construction and third party liability are covered. Insurance amount is limited to KRW13.5bn-stated in the message.