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Daewoo E&C, Tata to Jointly Build US$863 Mln Bridge in India

Daewoo E&C, Tata to Jointly Build US$863 Mln Bridge in India

SEOUL, Nov. 20 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major construction firm here, said Monday it will partner with Tata Projects Ltd. to build a 953 billion-won (US$863 million) bridge in India. Daewoo E&C and TPL won the order from the Mumbai Metropolitan Region Development Authority (MMRDA). MMRDA plans to build the [...]

Doosan Infracore Enjoys Extended Brisk Sales in Chinese Market

Doosan Infracore Enjoys Extended Brisk Sales in Chinese Market

SEOUL, Nov. 13 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, continued to expand its presence in China’s excavator market, as the world’s No. 2 economy increased spending on infrastructure, industry sources said Monday. According to observers, Doosan Infracore sold 769 excavators in China last month, almost doubling from a year [...]

Thawing Chinese Relations a Welcome Sign for Real Estate Market

Thawing Chinese Relations a Welcome Sign for Real Estate Market

SEOUL, Nov. 3 (Korea Bizwire) – The Ministry of Foreign Affairs’ announcement on October 31 that relations between South Korea and China will be normalized was music to the ears of the real estate industry, which has seen the market for high-end hotel room investors dwindle throughout the Chinese economic boycott.  The geopolitical tensions and [...]

Construction Sector Could Experience Contraction in 2019: Report

Construction Sector Could Experience Contraction in 2019: Report

SEOUL, Nov. 2 (Korea Bizwire) — South Korea’s construction sector could suffer a contraction in 2019, a report said Thursday as the government’s moves to stabilize property markets may weigh on new orders. The combined value of construction orders — a leading indicator in the construction sector — posted a 29.5 percent decline in July, [...]

S. Korea to Create 85 Bn-won Global Infrastructure Venture Fund

S. Korea to Create 85 Bn-won Global Infrastructure Venture Fund

SEJONG, Oct. 27 (Korea Bizwire) — South Korea will create an 85 billion-won (US$75.2 million) global infrastructure development fund to address the key constraints of private investment in overseas projects, the land ministry said Friday. The Ministry of Land, Infrastructure and Transportation signed an agreement with the Korea Development Bank and the Export-Import Bank of [...]

Patent Applications for Multi-Functional Noise Barriers on the Rise

Patent Applications for Multi-Functional Noise Barriers on the Rise

DAEJEON, Oct. 25 (Korea Bizwire) – Barriers originally designed to block traffic noise are being revamped with multiple new functions, including anti-fine dust particle and solar energy production features, according to government data. According to statistics provided by the Korean Intellectual Property Office (KIPO), 29 percent of the patent applications for noise barriers filed between 2012 [...]

Doosan Infracore, Hyundai Expanding Presence in Emerging Markets

Doosan Infracore, Hyundai Expanding Presence in Emerging Markets

SEOUL, Oct. 24 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are witnessing a surge in sales of excavators in India and other emerging countries in addition to their stellar performance in China, industry sources said Tuesday. In the first half of the year, Doosan Infracore saw its sales in [...]