With sights set on living up to its name and extending its reach, South Korean construction and project management firm HanmiGlobal Co., is teaming with Lake Oswego-based Otak Inc.

HanmiGlobal, one of the world’s largest construction management firms, purchased a 70.9-percent stake in Otak, a civil engineering and sustainable design firm, for slightly more than $13 million. HanmiGlobal has a significant presence in Asia and Europe, and Otak has one in the United States and the Middle East; both firms hope they can push into the relatively untapped South American market...

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