SEOUL, Dec. 10 (Korea Bizwire) — Hanwha Engineering and Construction Corp. has been picked as the preferred bidder for a project to build a new major sports and convention industry complex in southeastern Seoul, the city government announced Friday. Seoul aims to develop some 350,000 square meters around Jamsil Sports Complex in Seoul’s southeastern Songpa [...]
SEOUL, Nov. 24 (Korea Bizwire) — Construction equipment maker Hyundai Doosan Infracore Co. said Wednesday it has signed a deal with local builder SK Ecoplant to improve digital technologies related to construction site management. Under the deal, Hyundai Doosan Infracore will develop new technologies using its cloud-based construction site management platform XiteCloud, which will be [...]
SEOUL, Nov. 19 (Korea Bizwire) — Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to hand over the managerial rights to its construction subsidiary Doosan Engineering & Construction Co. to The Zenith Holdings Co., an investment company. The entity to be established by a consortium including Q Capital [...]
SEOUL, Oct. 18 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, is taking initiative to improve the residential environment of the Vietnamese living in the country. The company announced that it had entered into a four-party business agreement with the Vietnamese Embassy in Seoul, Habitat for Humanity Korea and [...]
SEJONG, Oct. 8 (Korea Bizwire) — Real estate rental businesses in South Korea have been on a roll over the past five years amid a booming property market, data showed Friday. Property leasing companies in Asia’s fourth-largest economy registered 453.3 trillion won (US$381 billion) in combined revenue between 2016-20, according to the data that the [...]
SEOUL, Oct. 8 (Korea Bizwire) — An increasing number of apartment complexes are providing concierge services that perform daily chores on behalf of residents, while providing a variety of living conveniences. For the residents of the Gwanggyo IPARK apartment complex in Suwon, Gyeonggi province, built by HDC Hyundai Development Co., robots bring ordered delivery food [...]
SEOUL, Sept. 17 (Korea Bizwire) — Hwang Jae-min checks out his smartphone apps several times a day to search for new homes up for sale so he can move to another house. When the 41-year-old bought a three-room flat in Yongin, a satellite city south of Seoul, six years ago, he called several real estate [...]
SEOUL, Aug. 23 (Korea Bizwire) — Amid a recent surge in the number of disputes over noise between floors resulting from the COVID-19 pandemic, which has prompted most Koreans to spend more time at home, construction companies are moving heaven and earth to develop technology that can reduce noise between floors. DL E&C Co. and [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major builder in South Korea, said Wednesday that in collaboration with Hyundai Motor Group, it will introduce a ‘Home to Car – Car to Home’ service using built-in sound recognition devices. The service uses Hyundai E&C’s ‘Voice Home’ built-in sound recognition system that [...]
SEOUL, July 14 (Korea Bizwire) — Artificial intelligence (AI) technology is increasingly being employed in a wide range of areas in the construction industry. Major South Korean builder DL E&C Co. recently developed and filed a patent application for AI design technology in which AI automatically produces about 1,000 different types of design drawings for [...]