SEOUL, March 16 (Korea Bizwire) – Plans to make space at Seoul Station for a possible train line leading to North Korea in the event of Korean unification were revealed by government officials yesterday. A senior official at the Ministry of Land, Infrastructure, and Transport (MOLIT) spoke about the grand plan, saying, “Although the Gyeongwon Line [...]
SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia. Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]
SEJONG, Feb. 27 (Korea Bizwire) – Among this month’s three “new architectural technologies” chosen by the Ministry of Land, Infrastructure and Transport was a restroom design that can function as a shelter in case of fire. In the new design, a water barrier is created at the restroom’s entrance by sprinklers during an emergency, preventing [...]
SEOUL, Feb. 16 (Korea Bizwire) – Interest in hanok, traditional Korean-style housing, has skyrocketed with new architectural technology and financial support in the form of government subsidies, and more and more Koreans are now rushing to build houses using once-forgotten traditional designs. According to government sources, over 50 local governments have come up with official [...]
SEOUL, Feb. 14 (Korea Bizwire) – Doosan’s ‘We’ve the Zenith’ in Haeundae, Busan, which has been recognized as the tallest building in Korea since construction was completed in 2011, will soon be handing over the title to the Lotte World Tower in Jamsil, Seoul. As of the end of last year, the tallest among completely [...]
SEOUL, Feb. 9 (Korea Bizwire) – South Korea will extend national roads by over 900 kilometers this year, greatly improving the accessibility of the entire nation while also helping boost the local economy, the government said Thursday. Also, more than 60 percent of 7.3 trillion won (US$6.37 billion) in government budget earmarked for the construction [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korean construction companies racked up a record in domestic orders last year, aided by a boom in the local property market, offsetting a slump in overseas projects, industry data showed on Wednesday. According to the data compiled by the Construction Association of Korea, local builders received a record [...]
SEOUL, Jan. 9 (Korea Bizwire) – Doosan Bobcat Inc., a construction equipment unit of Doosan Group, is forecast to earn solid earnings this year on the back of the incoming U.S. government’s massive infrastructure spending, analysts said Monday. Doosan Bobcat made a strong market debut on the local stock market in mid-November by raising some [...]
HOENGSEONG, South Korea, Jan. 3 (Korea Bizwire) – Hoengseong County, Gangwon Province, has been using hundreds of meters of temporary fencing built around construction sites to promote anti-smoking campaigns. The posters attached to the fencing range from slogans like “quitting smoking, the beginning of love for family,” to more fact-driven information like “quitting smoking can [...]
SEOUL, Dec. 29 (Korea Bizwire) – The government said Wednesday that it plans to spend 4.22 trillion won (US$3.48 billion) to upgrade seaport facilities and strengthen logistics functions on the country’s southern resort island of Jeju and the eastern port city of Donghae. According to the Ministry of Ocean and Fisheries, a total of 2.45 [...]