SEOUL, April 21 (Korea Bizwire) — A couple of domestic investors appear to be interested in acquiring Daewoo Engineering & Construction Co. as improving performances have boosted the builder’s corporate value, sources said Wednesday. Prospective buyers include local private equity fund Sky Lake Investment, which has recently taken over Doosan Solus Co., a South Korean [...]
JEJU, March 15 (Korea Bizwire) — Political and civic conflict over the proposed construction of a new international airport on Jeju Island appears to be intensifying, with supporters and opponents of the project holding a string of separate rallies in the city of Jeju in recent weeks. Justice Party lawmaker Sim Sang-jeung, flanked by a [...]
CHUNCHEON, March 11 (Korea Bizwire) — The construction of Legoland Korea on a river island in Chuncheon, Gangwon Province scheduled for grand opening early next year, is struggling with development projects in the surrounding area. Legoland Korea Resort will consist of seven clusters built on 280,790 square meters of land, including the Lego Hotel and [...]
SEOUL, Feb. 9 (Korea Bizwire) — Hyundai Engineering and Construction Co., a major South Korean builder, said Monday it had filed a patent for technology used to produce freeform molds through 3D printing. In collaboration with local 3D printing specialist 3D Factory Co., Hyundai E&C launched the drive to develop 3D printing-based freeform molds in [...]
SEOUL, Jan. 21 (Korea Bizwire) — Floor-to-floor apartment noise has been a long-standing social problem in South Korea, and it is worsening as more people are spending longer hours at home. The Korea Environment Corporation reported 895 cases of complaints related to apartment noise last year, up by approximately 80 percent since 2019 (507 cases). [...]
SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Engineering & Construction Co., a leading South Korean builder, said Monday it will make an equity investment in a local start-up specializing in artificial intelligence (AI)-based 3D design solution, as part of efforts to preemptively introduce smart construction technology. TENELEVEN Inc., founded in 2014, is a start-up with [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea on Tuesday unveiled an unprecedented plan to supply more than 130,000 homes in Seoul and adjacent areas over the next eight years in its latest struggle to contain a further rise in housing prices, which have even dragged down the Moon Jae-in administration’s approval ratings. But the [...]
SEOUL, July 9 (Korea Bizwire) — SK Engineering & Construction Co. said Thursday that it has reached a deal with authorities in Laos to compensate victims of a deadly hydroelectric dam collapse in the Southeast Asian country. The Xe-Pian Xe-Namnoy Power Co., a joint venture involving the South Korean builder, inked the deal with the [...]
SEOUL, May 18 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, will team up with a small and medium-sized company to develop technologies that can drastically reduce dust generation, a major headache at construction sites. The company held an agreement ceremony on Friday with Hyundai Fine [...]
SEOUL, April 17 (Korea Bizwire) — An international theme park is being planned for Hwaseong, Gyeonggi Province. The Ministry of Land, Infrastructure and Transport, Korea Water Resources Corp. and Shinsegae Property Consortium — Shinsegae Property and Shinsegae Engineering & Construction — announced Thursday the signing of a contract to start the construction of an international [...]