Construction & Real Estate Archives | Be Korea-savvy

Archive by category Construction & Real Estate

POSCO Engineering and Construction Breaks Ground For 2 High Rises In Jakarta

POSCO Engineering and Construction Breaks Ground For 2 High Rises In Jakarta

SEOUL, Sept. 22 (Korea Bizwire) — POSCO Engineering & Construction Co. said Friday it has broken ground for two high rises in a central business district in Jakarta. The construction arm of South Korea’s top steelmaker POSCO said the buildings will be constructed at a cost of about US$300 million. The buildings are scheduled to [...]

Daewoo Shipbuilding and Marine Engineering Company Wins 927 Billion Won Order

Daewoo Shipbuilding and Marine Engineering Company Wins 927 Billion Won Order

SEOUL, Sept. 21 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Thursday that it has clinched a 927 billion won (US$818 million) deal to build five container vessels. In a regulatory filing, Daewoo Shipbuilding said it will deliver the vessels by March 15, 2020. The shipbuilder did not reveal [...]

Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

SEJONG, Sept. 14 (Korea Bizwire) – Glimpses of the future – 57 to be exact – were distributed by the Ministry of Land, Infrastructure and Transport to regional (metropolitan, provincial and special) governments on September 14. President Moon’s “New Deal”, a promise of urban renewal, was one of his core campaign proposals, and the 57 [...]

Builder Sentiment Hits 19-Month Low in August on Anti-Speculation Steps

Builder Sentiment Hits 19-Month Low in August on Anti-Speculation Steps

SEOUL, Sept. 4 (Korea Bizwire) – South Korean builders’ business confidence touched a 19-month low in August due mainly to government measures to cool the housing market, a poll showed Monday. The construction business survey index (CBSI) stood at 74.2 last month, down 11.2 points from the previous month and at its lowest level since [...]

New International Cruise Terminal to Open in Eastern Port of Sokcho

New International Cruise Terminal to Open in Eastern Port of Sokcho

SEOUL, Aug. 30 (Korea Bizwire) – A new international cruise terminal will be completed at the eastern port of Sokcho this week to accommodate a growing number of travelers coming to Korea through the coastal city, the oceans ministry said Wednesday. The port will be fully completed on Thursday with the commemorative ceremony scheduled for [...]

Daewoo E&C Wins US$963 mln Plant Deal from Oman

Daewoo E&C Wins US$963 mln Plant Deal from Oman

SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]

SK E&C signs Deal to Modernize Iranian Oil Plant

SK E&C signs Deal to Modernize Iranian Oil Plant

SEOUL, Aug. 6 (Yonhap) — SK Engineering & Construction Co., a South Korean builder, said Sunday that it has signed a US$1.6 billion deal with an Iranian company to carry out an oil refinery modernization project. Under the agreement with Tabriz Oil Refining Co., an affiliate of Parsian Oil and Gas Development Group Co., the [...]

Daewoo E&C Develops Exclusive Apartment Air Filtration System

Daewoo E&C Develops Exclusive Apartment Air Filtration System

SEOUL, Aug. 6 (Korea Bizwire) — Daewoo Engineering and Construction revealed on August 3 that it had, for the first time in the industry, developed a phased customized technology named ‘5ZCS’ (Five Zones Clean Air System) to filter fine dust at its new apartment complexes.  The company has divided its new apartment complexes into five [...]

Construction Industry Confidence Drops on Weaker Orders in July

Construction Industry Confidence Drops on Weaker Orders in July

SEOUL, Aug. 1 (Korea Bizwire) – Business sentiment for South Korea’s construction industry fell in July from the previous month due mainly to a decrease in new orders, a poll showed Tuesday. The construction business survey index (CBSI) came to 85.4 last month, down five points from a month earlier and snapping a three-month gaining [...]

Residential Skyscrapers Becoming Local Landmarks

Residential Skyscrapers Becoming Local Landmarks

SEOUL, Jul. 7 (Korea Bizwire) — As tall apartment buildings are proving popular in the South Korean housing market despite the country’s sluggish economy, an increasing number of home buyers are eyeing the residential skyscrapers around the country, which are widely seen as symbols of high social status and wealth, as well as landmarks in the [...]