SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]
SEOUL, Aug. 6 (Yonhap) — SK Engineering & Construction Co., a South Korean builder, said Sunday that it has signed a US$1.6 billion deal with an Iranian company to carry out an oil refinery modernization project. Under the agreement with Tabriz Oil Refining Co., an affiliate of Parsian Oil and Gas Development Group Co., the [...]
SEOUL, Aug. 6 (Korea Bizwire) — Daewoo Engineering and Construction revealed on August 3 that it had, for the first time in the industry, developed a phased customized technology named ‘5ZCS’ (Five Zones Clean Air System) to filter fine dust at its new apartment complexes. The company has divided its new apartment complexes into five [...]
SEOUL, Aug. 1 (Korea Bizwire) – Business sentiment for South Korea’s construction industry fell in July from the previous month due mainly to a decrease in new orders, a poll showed Tuesday. The construction business survey index (CBSI) came to 85.4 last month, down five points from a month earlier and snapping a three-month gaining [...]
SEOUL, Jul. 7 (Korea Bizwire) — As tall apartment buildings are proving popular in the South Korean housing market despite the country’s sluggish economy, an increasing number of home buyers are eyeing the residential skyscrapers around the country, which are widely seen as symbols of high social status and wealth, as well as landmarks in the [...]
SEOUL, June 22 (Korea Bizwire) – The number of people earning a living by renting property has risen sharply in recent years, government data showed Thursday, amid a market boom brought on by policy measures to prop up the housing market. The total number in the rental and leasing businesses surged to 1,452,000 people as [...]
SEOUL, Jun. 22 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte World Tower received a Gold rating in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) system, the conglomerate [...]
SEOUL, Jun. 19 (Korea Bizwire) — Loans taken out to finance facility expansions reached an all-time high in March, in line with a recovery in exports and the global economy, data showed Sunday. According to the data compiled by the Bank of Korea, facility loans reached a record 404.87 trillion won (US$356 billion) as of [...]
SEOUL, June 16 (Korea Bizwire) – The property value of South Korean homes has risen sharply in recent years, data showed Thursday, amid the previous government’s policy to prop up the country’s housing market. The value of homes in the country stood at over 3,732 trillion won (US$3.32 trillion) as of late last year, up [...]
SEOUL, Jun. 15 (Korea Bizwire) — Amid growing global interest in the safety and eco-friendly benefits offered by wood buildings, the Korea Forest Service is pitching the pros of wood building to the South Korean construction market, with plans to build a number of tall buildings using structural wood in the next five years. Speaking to [...]