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HDC to Demolish Partly Collapsed Gwangju Apartment Complex to Build Anew

HDC to Demolish Partly Collapsed Gwangju Apartment Complex to Build Anew

SEOUL, May 4 (Korea Bizwire) — HDC Hyundai Development Co. said Wednesday it will demolish an apartment complex in South Korea’s southwestern area to build it all over again to ally safety concerns. HDC Chairman Chung Mong-gyu said the real estate developer will completely take down eight apartment buildings in Gwangju for reconstruction at the [...]

Business Suspension for HDC Hyundai Extended to 16 Months over Deadly Building Demolition

Business Suspension for HDC Hyundai Extended to 16 Months over Deadly Building Demolition

SEOUL, April 13 (Korea Bizwire) — The Seoul city government on Wednesday imposed an additional eight-month business suspension on HDC Hyundai Development Co. over a deadly building demolition project that claimed nine lives in June of last year. The latest administrative measure came after the company was slapped with an eight-month business suspension order on [...]

HDC Hyundai Given 8-month Suspension over Deadly Building Demolition

HDC Hyundai Given 8-month Suspension over Deadly Building Demolition

SEOUL, March 30 (Korea Bizwire) – The Seoul city government on Wednesday imposed an eight-month business suspension on HDC Hyundai Development Co. over a deadly building demolition project that claimed nine lives in June of last year. The order was issued at the request of the land ministry following an investigation into the accident in [...]

Gov’t Seeks HDC Hyundai’s License Cancellation over Deadly Gwangju Building Collapse

Gov’t Seeks HDC Hyundai’s License Cancellation over Deadly Gwangju Building Collapse

SEOUL, March 28 (Korea Bizwire) — The government on Monday sought the cancellation of HDC Hyundai Development Co.’s business registration in what could be the heaviest punishment against the builder over a deadly partial collapse of a high-rise building. Outer wall structures of the 39-story apartment building under construction in the city, 330 kilometers south [...]

POSCO E&C Develops Customizable Apartment Ventilation System with Negative Pressure Function

POSCO E&C Develops Customizable Apartment Ventilation System with Negative Pressure Function

SEOUL, Feb. 24 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker POSCO, said Wednesday it had developed an apartment ventilation system designed to enable management of air quality for each of an apartment’s rooms and featuring a negative pressure function. Existing apartment ventilation systems remove fine dust [...]

HDC Apartments Flood Real Estate Market Following Gwangju Apartment Building Collapse

HDC Apartments Flood Real Estate Market Following Gwangju Apartment Building Collapse

SEOUL, Jan. 19 (Korea Bizwire) — HDC Hyundai Development Co.’s apartment brand ‘IPark’ is facing rising safety concerns following the recent collapse of an apartment building. On Jan. 11, the facade on a 39-story apartment building crumbled to the ground at its construction site in Gwangju, about 330 kilometers southwest of Seoul, killing at least [...]

All Construction Work Suspended over Lunar New Year Holiday Following Gwangju Building Collapse

All Construction Work Suspended over Lunar New Year Holiday Following Gwangju Building Collapse

SEOUL, Jan. 19 (Korea Bizwire) — Tension is rising in the construction industry as the recent Gwangju apartment building collapse is drawing the eyes of the public to construction safety. Lotte Engineering & Construction Co. held this year’s management strategy conference and a ‘safety culture’ declaration ceremony last Friday to emphasize foremost the value of [...]

HDC Hyundai Development Chairman Offers to Resign over Gwangju Apartment Building Collapse

HDC Hyundai Development Chairman Offers to Resign over Gwangju Apartment Building Collapse

SEOUL, Jan. 17 (Korea Bizwire) — The chairman of major South Korean real estate developer HDC Hyundai Development Co. offered to step down Monday to take responsibility for a recent accident at its construction site that left one worker dead and five others missing. Chung Mong-gyu made the statement six days after part of the [...]

DL E&C Commercializes Inter-floor Noise Notification System

DL E&C Commercializes Inter-floor Noise Notification System

SEOUL, Jan. 14 (Korea Bizwire) — A South Korean construction company has launched an inter-floor noise notification system as a way to prevent disputes over noise between floors. DL E&C Co. said Thursday that it had developed an inter-floor noise notification system that can notify the occupants of inter-floor noise and provide objective data. When [...]