SEOUL, Aug. 27 (Korea Bizwire) – South Korea is stepping up efforts to cash in on a new emerging market in the Middle East’s Oman: the infrastructure sector which is estimated to be worth US$30 billion. Led by South Korean Deputy Minister Moon Jae-do, who is in charge of the Ministry of Trade, Industry and [...]
SEOUL, Aug. 26 (Korea Bizwire) – The Rural Development Administration has set up a database of which plant on green roofs is most effective at reducing pollution and saving energy, based on which the administration created a system to measure the energy saving level for buildings. The administration has selected 100 species of vegetation for roof [...]
SEOUL, Aug. 21 (Korea Bizwire) – Greenland Holding Group, a China-based business group, plans to invest additional 600 billion won, or about US$587 million, in the healthcare town in Jeju Island. Jeju Free International City Development Center (JDC) announced on August 19 that JDC and Greenland Holding signed a 600-billion-won agreement on the development of [...]
SEOUL, Aug. 20 (Korea Bizwire) — GS Engineering & Construction said on August 18 that it won a US$584.5-million order to build a bridge in Kuwait. Commissioned by the Kuwaiti Ministry of Public Works, the project calls for building the 12.43-kilometer Doha Link bridge connecting Shuwaikh to the port village of Doha in the Jahra region of [...]
SEOUL, Aug. 20 (Korea Bizwire) — LG CNS, an LG Group company specializing in information technology services including consulting, system integration, and business process outsourcing, has set out to build Malaysia’s first automatic logistics processing center based on homemade logistics processing solution. LG CNS said on August 19 that it will begin establishing the automatic package sorting [...]
SEOUL, Aug. 15 (Korea Bizwire) – Hanwha Engineering & Construction holds its place as an environmentally friendly construction company with its “Green Certification” in both areas of the construction environment and the water treatment program. On August 13, Hanwha E&C announced that its indoor lighting system using natural sunlight, the super-insulated window system and membrane bioreactor [...]
SEOUL, Aug. 7 (Korea Bizwire) – Another sinkhole nearby a skyscraper under construction adds an air of anxiety among residents of Songpa district, one of the most affluent regions in Seoul, where four sinkholes already appeared in two months. On August 5, the latest sinkhole appeared in the middle of a six-lane street in Songpa District just [...]
SEOUL, July 26 (Korea Bizwire) –‘China money’ is rapidly changing the overall landscape of Jeju Island, the Hawaii of South Korea, well known for its pristine water and scenic beauty, along with its unique culture. As of the first quarter of this year, Chinese investors owned 3.2 million square meters of the island’s land, about [...]
SEOUL, July 18 (Korea Bizwire) — The site of the former headquarters building of Korea Electric Power Corp. in Seoul’s Gangnam will be up for sale and it remains to be seen who will take the land plot considered one of the best locations in Seoul. In addition, overseas real estate groups such as China’s Greenland Holding [...]
SEOUL, July 9 (Korea Bizwire) – Hong Myung-bo, who has been under fire for South Korean football team’s disappointing performance in the Brazil World Cup games, now faces another public uproar due to an issue not related to soccer: his alleged speculative investment on a real estate property. According to a stream of local reports, it [...]