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Samsung Apartments Equipped with Anti-Fine Dust Systems

Samsung Apartments Equipped with Anti-Fine Dust Systems

SEOUL, April 18 (Korea Bizwire) – Samsung Construction & Trading Corporation announced Monday that it is introducing fine dust filtering systems and air quality control devices at its upcoming Raemian apartments in Sinbanpo and Seokgwan-dong, Seoul.  The IoT Home Cube, a portable device developed by Samsung C&T’s residential engineering division, measures the fine dust concentration [...]

S. Korea’s Tallest Skyscraper Opens to Public

S. Korea’s Tallest Skyscraper Opens to Public

SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group officially opened to the public on Monday, the group’s operating unit said, marking another milestone for the country’s fifth-largest business empire facing a slew of challenges. The opening ceremony of the 123-story Lotte World Tower was attended by top [...]

S. Korea to Start Building ‘Smart city’ in Kuwait in 2019

S. Korea to Start Building ‘Smart city’ in Kuwait in 2019

SEOUL, Apr. 4 (Korea Bizwire) — A consortium of South Korean construction companies will start building an eco-friendly residential city in Kuwait in 2019, the infrastructure ministry said Monday. The builders’ consortium led by POSCO A&C and Hyundai Architects and Engineers Associates Co. plans to build the “smart city” which is environmentally friendly, well-organized and [...]

Doosan Affiliates Forecast to See Improved Earnings This Year

Doosan Affiliates Forecast to See Improved Earnings This Year

SEOUL, March 31 (Korea Bizwire) – Affiliates of construction and power equipment conglomerate Doosan Group are expected to further improve their bottom lines this year, aided by increased sales and cost-cutting measures, an executive said Friday. “This year, key Doosan affiliates are forecast to post improved earnings this year, and we will strive to meet [...]

Popularity of Government’s Public Auction Website Soars

Popularity of Government’s Public Auction Website Soars

SEOUL, March 20 (Korea Bizwire) – A public online auction system called “Onbid” is seeing a growing number of users, according to the organization behind the website, the Korea Asset Management Corporation (KAMCO). Onbid, an auction service which began in 2002, was introduced to make it easy for both buyers and sellers to bid and [...]

Ground Broken for World’s Longest Suspension Bridge in Turkey

Ground Broken for World’s Longest Suspension Bridge in Turkey

SEOUL, March 19 (Korea Bizwire) – A groundbreaking ceremony has been held in a Turkish seaport for the construction of the world’s longest suspension bridge by an international consortium led by South Korean builder SK E&C, industry sources said Sunday.  The ceremony took place on Saturday in Canakkale, Turkey, to coincide with the 60th anniversary [...]

S. Korea-Led Consortium Wins US$3 Bln Deal to Build Turkey’s Canakkale Bridge

S. Korea-Led Consortium Wins US$3 Bln Deal to Build Turkey’s Canakkale Bridge

SEOUL, March 17 (Korea Bizwire) – An international consortium led by major South Korean builder SK E&C has inked a deal to build the world’s longest suspension bridge in Turkey, government officials in Seoul said Friday.  The deal, said to be worth some US$3 billion, was signed in Ankara on Thursday, according to officials from [...]

New Plans to Revamp Seoul Station Include Railroad Tracks Leading to North Korea

New Plans to Revamp Seoul Station Include Railroad Tracks Leading to North Korea

SEOUL, March 16 (Korea Bizwire) – Plans to make space at Seoul Station for a possible train line leading to North Korea in the event of Korean unification were revealed by government officials yesterday. A senior official at the Ministry of Land, Infrastructure, and Transport (MOLIT) spoke about the grand plan, saying, “Although the Gyeongwon Line [...]

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia.  Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]