SEOUL, December 23 (Korea Bizwire) – Greenland Group, China’s secondlargest residential developer, will participate in a competitive public bidto develop a twin tower near the Digital Media City (DMC) in Seoul’s Sangam-dong, said Seoul Metropolitan Government on December 22. Seoul mayor Park Won-soon met Zhang Yuliang,chairman of Greenland Group and signed an MoU on December 22 in [...]
SEOUL, Dec. 17 (Korea Bizwire) – Lotte Engineering & Construction has successfully developed a technology to make concrete that effectively blocks radiation. Separately it has also developed a new construction technique to strengthen the bearing capacity of bored precast piles. The company said on December 16 that it filed a patent on the 4th to make concrete [...]
SEOUL, Dec. 15 (Korea Bizwire) – The Korean National Pension Service (NPS) recently sold its HSBC headquarters building in London, netting a total of 960 billion won (US$868 million) in dividends and trading profits. On December 14, the pension service that manages funds worth 568.2 trillion won (US$514.1 billion) announced that it had sold the HSBC building [...]
SEOUL, Dec. 11 (Korea Bizwire) — “Raemian,” the brand for Samsung C&T‘s apartments, was ranked No. 1 for 15 consecutive years in the apartment brand category by BrandStock. According to the brand evaluation company on December 10, Raemian of Samsung C&T took the position in the apartment category by winning 829.7 points out of 1,000 in the [...]
SEOUL, Dec. 10 (Korea Bizwire) – After a lengthy absence, Hanwha Group Chairman Kim Seung-youn has resumed his duties. Visiting Iraq, where the company’s biggest construction project is being carried out, was his first task. From December 7 to 9, Kim paid a visit to his employees working on the construction project in Bismayah, Iraq, [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hansol Development, the company running the Oak Valley resort in Gangwon Province, is trying to attract 400 billion won investment from a Chinese investor. The company said on December 8 that it is presently negotiating with China’s Xingyue Group to sell part of its 14.21 million square meter site near the [...]
MOSCOW, Dec. 8 (Korea Bizwire) — The world’s tallest cylinder aquarium was recently revealed to the public at the new Avia Park Shopping Center in Moscow. The aquarium, designed and built by International Concept Management (ICM), is a staggering 23 meters tall and is viewable from all four levels of Europe’s largest shopping center. Photo: [...]
SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Rotem, the South Korean train manufacturer, has won a contract to build a sewage disposal plant in Qatar. The company announced on December 4 that it won a contract worth 350 billion won (US$314 million) from Ashghal, the Public Works Authority of Qatar. Under the terms of the [...]
SEOUL, Dec. 4 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) plans to provide US$1.3 billion worth of financing to an integrated steel mill which Korea’s POSCO E&C is building in Brazil. Korea Eximbank announced on December 3 that it would make a US$1.3 billion investment in the plant, including a US$910 million loan [...]
SEOUL, Dec.3 (Korea Bizwire) – Hyundai Engineering & Construction said on December 2 that it has developed a software program to design the exterior of a building in an optimal way in terms of cost and energy efficiency. The architectural design program can allow designers to compare a myriad of alternative plans when choosing insulation materials and glass [...]