SEOUL, Jan. 11 (Korea Bizwire) –Samsung C&T Corp., a major South Korean general trading firm and builder, said Thursday it has completed a 118-story skyscraper in Kuala Lumpur, the second-tallest building in the world. An opening ceremony was held Wednesday for Merdeka 118, a 679-meter-high complex building in the central part of the Malaysian capital, [...]
SEOUL, Dec. 28 (Korea Bizwire) — Ailing builder Taeyoung Engineering & Construction Co. applied for a debt-restructuring program Thursday to tide over a cash crunch, raising concerns over troubled peers in South Korea. Taeyoung E&C submitted the application to its main creditor, the state-run Korea Development Bank (KDB), after its board decided to request a [...]
SEOUL, Dec. 28 (Korea Bizwire) – On December 27, DL E&C announced the successful implementation of its groundbreaking D-Silence Service in an apartment complex located in Yeoncheon County, Gyeonggi Province. This innovative service, pioneered by DL E&C, marks a significant milestone as the first inter-floor noise notification system developed in Korea. In a country where most [...]
SEJONG, Dec. 21 (Korea Bizwire) – A recent study has revealed a significant degree of residential segregation in Seoul, characterized by distinct divisions between high-priced and low-priced housing areas. The Korea Research Institute for Human Settlements released these findings in its report titled ‘Residential Segregation by Housing Prices and Policy Implications,’ which utilized publicly announced housing [...]
SEOUL, Dec. 18 (Korea Bizwire) – A YouTube advertisement featuring the heartwarming tale of an excavator turned beloved pet has taken the online world by storm. Titled “My Ground Puppy Daebali,” the video ad was released by the construction equipment brand Develon, a subsidiary of HD Hyundai Infracore, in September. The video, a captivating human faux [...]
SEOUL, Dec. 18 (Korea Bizwire) – POSCO E&C is actively championing the significance of bees in safeguarding the global environment. In support of this cause, the company has crafted a series of animated videos addressing the critical issues of bee extinction and the severity of the garbage problem. Titled “Green Earth Guard Eco-Ranger,” the animated series, [...]
SEOUL, Dec. 14 (Korea Bizwire) — HD Hyundai Construction Equipment Co. said Thursday it has won a deal from a construction company in Saudi Arabia to supply 100 excavators. Under the deal, the construction equipment unit of South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group plans to supply 70 units of its 22-ton excavators and 30 [...]
SEOUL, Dec. 13 (Korea Bizwire) – Reducing inter-floor noise presents a significant challenge for construction companies, especially in light of the government’s recent announcement that apartments failing to meet new inter-floor noise standards will not receive construction approval. Despite the government’s initiative to address inter-floor noise concerns, it is imperative for construction firms to devise effective [...]
SEOUL, Dec. 11 (Korea Bizwire) – The land ministry said Monday it will not authorize the completion of newly built apartments if inter-floor noise levels fail to meet accepted standards. As part of measures to tackle widespread social problems surrounding noise disputes between neighbors, the ministry said it will also strengthen quality control by measuring [...]
SEOUL, Nov. 28 (Korea Bizwire) — Nearly 4 in 10 South Korean construction firms were unable to service their debts with earnings in 2022 due mainly to falling profitability, a poll showed Tuesday. A total of 929 local builders had an interest coverage ratio of below 1 last year, accounting for 41.6 percent of all [...]