SEOUL, Jun. 24 (Korea Bizwire) — The “Dream Island” project, a large-scale tourism and leisure complex that will be built on reclaimed land within Yeongjong Island located in Incheon, appears to be nearing reality. At Lotte Hotel in Seoul on Monday, the Ministry of Oceans and Fisheries held a briefing session on the start of [...]
SEOUL, Jun. 18 (Korea Bizwire) — South Korea plans to spend 32 trillion won (US$27 billion) over the next four years to renovate old public infrastructure and carry out extensive safety inspections on them, the industry ministry said Tuesday. Under the project that will run from 2020 to 2023, the government plans to draw up [...]
SEOUL, Jun. 14 (Korea Bizwire) — Various and viable tools are available for citizens here to respond to the ever-growing air pollution, and newlyweds Park Young-eun and Yeo Ryong-koo are also on the lookout for solutions to keep their home safe from fine dust. Recently, the couple who are considering buying a new apartment in [...]
SEOUL, Jun. 13 (Korea Bizwire) — Private investors in the real estate market are turning to Real Estate Investment Trusts (REITs) as the market is suffering from an overall slump following government restrictions. SG Lab, a research arm of the South Korean real estate marketing firm MB& Holdings Co., reported that the number of REITs [...]
SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]
SEOUL, Jun. 9 (Korea Bizwire) — SK Engineering & Construction Co., a major builder in South Korea, said Sunday a consortium that it’s part of has been named the preferred bidder for a 1 billion-pound (US$1.2 billion) project to build a tunnel across the main river in London. The multinational consortium RiverLinx, comprised of SK [...]
SEOUL, Jun. 5 (Korea Bizwire) — The Seoul Housing and Communities Corporation (SH) has implemented a firewall system between households to protect the privacy of each home network. In the age of smart homes, where an increasing number of household functions are being connected to the internet, a need for network privacy is becoming more [...]
SEOUL, Jun. 4 (Korea Bizwire) — Tower crane workers belonging to two major labor umbrella groups kicked off a nationwide strike Tuesday, calling for a pay raise and prohibition of the use of smaller tower cranes. The operation of around 2,500 tower cranes was suspended at construction sites, with the same number of unionized workers [...]
SEJONG, May 13 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, had the highest number of workplace fatalities among local builders last year, government data showed Monday. The Ministry of Land, Infrastructure and Transport said 10 workers died at construction sites run by POSCO E&C after [...]
SEOUL, Apr. 1 (Korea Bizwire) — Hyundai Engineering & Construction Co. said it has completed construction of the new National Museum of Qatar, holding the museum’s opening ceremony on March 27. The new Qatar National Museum was built along the northern and southern parts of the old royal palace located in the central part of [...]