SEOUL, Feb. 16 (Korea Bizwire) – Interest in hanok, traditional Korean-style housing, has skyrocketed with new architectural technology and financial support in the form of government subsidies, and more and more Koreans are now rushing to build houses using once-forgotten traditional designs. According to government sources, over 50 local governments have come up with official [...]
SEOUL, Feb. 14 (Korea Bizwire) – Doosan’s ‘We’ve the Zenith’ in Haeundae, Busan, which has been recognized as the tallest building in Korea since construction was completed in 2011, will soon be handing over the title to the Lotte World Tower in Jamsil, Seoul. As of the end of last year, the tallest among completely [...]
SEOUL, Feb. 9 (Korea Bizwire) – South Korea will extend national roads by over 900 kilometers this year, greatly improving the accessibility of the entire nation while also helping boost the local economy, the government said Thursday. Also, more than 60 percent of 7.3 trillion won (US$6.37 billion) in government budget earmarked for the construction [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korean construction companies racked up a record in domestic orders last year, aided by a boom in the local property market, offsetting a slump in overseas projects, industry data showed on Wednesday. According to the data compiled by the Construction Association of Korea, local builders received a record [...]
SEOUL, Jan. 9 (Korea Bizwire) – Doosan Bobcat Inc., a construction equipment unit of Doosan Group, is forecast to earn solid earnings this year on the back of the incoming U.S. government’s massive infrastructure spending, analysts said Monday. Doosan Bobcat made a strong market debut on the local stock market in mid-November by raising some [...]
HOENGSEONG, South Korea, Jan. 3 (Korea Bizwire) – Hoengseong County, Gangwon Province, has been using hundreds of meters of temporary fencing built around construction sites to promote anti-smoking campaigns. The posters attached to the fencing range from slogans like “quitting smoking, the beginning of love for family,” to more fact-driven information like “quitting smoking can [...]
SEOUL, Dec. 29 (Korea Bizwire) – The government said Wednesday that it plans to spend 4.22 trillion won (US$3.48 billion) to upgrade seaport facilities and strengthen logistics functions on the country’s southern resort island of Jeju and the eastern port city of Donghae. According to the Ministry of Ocean and Fisheries, a total of 2.45 [...]
SEOUL, Dec. 26 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Monday that it has won an order, potentially worth over 2.7 trillion won (US$2.25 billion), to build two thermal power plants in India. The company has yet to officially sign the deal but said it has [...]
SEOUL, Dec. 21 (Korea Bizwire) – The population of the South Korean capital has been declining for the past five years. As of last month, the number of Seoul-registered residents was a little over 9.95 million. But interestingly, the amount of human waste – that is, feces and urine – generated in the city has [...]
SEOUL, Dec. 16 (Korea Bizwire) – All newly-built houses in South Korea will be equipped with earthquake-resistant structures starting in the second half of next year under the government’s comprehensive measures against the natural disaster, a related ministry announced Friday. The government has also decided to pour 2.8 trillion won (US$2.3 billion) by 2020 to [...]