INCHEON, Sep. 11 (Korea Bizwire) – Intercontinental Hotels Group announced that it opened Holiday Inn Incheon Songdo on September 5 in the Songdo International Business District. The Holiday Inn in Songdo is the first hotel of the group built in metropolitan areas in Korea. The hotel is nestled within Songdo Central Park with Canal Walk shopping malls, Songdo [...]
SEOUL, Sept. 5 (Korea Bizwire) – Piano wire, made for use in piano strings, has found a new, unexpected use in chasing pigeons away so that buildings and structures could avoid premature corrosion as well as bad odor and noise. The Seoul metropolitan city government said on September 4 that it has come up with a novel [...]
SAN FRANCISCO and SEOUL, Sept. 5, 2014 (Korea Bizwire) – ASD Global, the industry leader in knowledge-based engineering software solutions for early-stage design through construction planning of projects for the Process, Power and Marine (PPM) industries, has selected KorACE to be its exclusive Agent in the Korean Peninsula. KorACE is headquartered in Seoul, Korea and [...]
SEOUL, Sept. 4 (Korea Bizwire) – The Seoul metropolitan city government said on September 3 that it would determine whether to fully open the lower floors of the second Lotte World building in Seoul’s Jamshil after tentatively allowing a ten-day “pre-open” period. During the period, groups of citizens will visit the building to see whether the building is [...]
SEOUL, Sep. 2 (Korea Bizwire) – Two Samsung Group companies Samsung Heavy Industries and Samsung Engineering have decided to merge with each other in a board of directors meeting on September 1. The two companies will exchange shares at the ratio of 1 to 2.36. Samsung Heavy Industries will grant 2.36 shares to Samsung Engineering shareholders for every share [...]
SEOUL, Aug. 29 (Korea Bizwire) — After five years since its groundbreaking, “Lotte Center Hanoi,” the 272-meter-high skyscraper in Hanoi constructed by Lotte Group, is finally ready for grand opening on Vietnam’s National Liberation Day, September 2. According to Lotte Asset Development on August 27, what will be the landmark of Vietnam’s capital city with 14,000 square [...]
SEOUL, Aug. 28 (Korea Bizwire) – Daewoo Engineering & Construction announced on August 27 that it won a tender for the construction of Kazungula Bridge connecting Zambia and Botswana at the price of US$161 million, equivalent to 163 billion won. The construction contractor will build a bridge crossing the Zambezi River running along the border in [...]
SEOUL, Aug. 27 (Korea Bizwire) – South Korea is stepping up efforts to cash in on a new emerging market in the Middle East’s Oman: the infrastructure sector which is estimated to be worth US$30 billion. Led by South Korean Deputy Minister Moon Jae-do, who is in charge of the Ministry of Trade, Industry and [...]
SEOUL, Aug. 26 (Korea Bizwire) – The Rural Development Administration has set up a database of which plant on green roofs is most effective at reducing pollution and saving energy, based on which the administration created a system to measure the energy saving level for buildings. The administration has selected 100 species of vegetation for roof [...]
SEOUL, Aug. 21 (Korea Bizwire) – Greenland Holding Group, a China-based business group, plans to invest additional 600 billion won, or about US$587 million, in the healthcare town in Jeju Island. Jeju Free International City Development Center (JDC) announced on August 19 that JDC and Greenland Holding signed a 600-billion-won agreement on the development of [...]