SEOUL, May 14 (Korea Bizwire) — POSCO Engineering & Construction Co., an affiliate of POSCO, South Korea’s top steelmaker, plans to deploy a walking robot for safety management during tunnel construction. The company said Thursday that it had decided to use a walking robot mounted with LiDAR and a high-performance camera to examine construction errors [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s construction companies are moving into the waste processing business by acquiring a string of waste processing companies. As the waste processing market grows at a blistering pace with the amount of waste increasing sharply since the outbreak of the COVID-19, they are attempting to develop the waste [...]
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 [...]