SEOUL, Nov. 9 (Korea Bizwire) – On Wednesday, HD Hyundai Infracore announced the release of South Korea’s first 130-ton excavator designed for demolition, bearing the model name DX1000LC-7 Demolition. The company also recently delivered the inaugural unit. Compared to existing models, the DX1000LC-7 Demolition has seen its working range grow by 10 meters, enabling work at [...]
SEOUL, Nov. 8 (Korea Bizwire) – E-Mart 24, well-known for its innovative offerings like imported cars, karaoke boxes, screen golf facilities, and electric vehicles, is now venturing into a new market by introducing prefabricated houses. Convenience store chain E-Mart 24 unveiled on Wednesday a groundbreaking partnership with YMK General Construction, a leading general contractor, to [...]
SEOUL, Nov. 3 (Korea Bizwire) – In this year’s Best Apartment Brand rankings, Hillstate by Hyundai E&C has claimed the top position. According to the 2023 Best Apartment Brand survey conducted by Real Estate R114 and Hankook Research, involving 4,029 adults nationwide from October 4 to 17, Hillstate has secured first place in the overall rankings, [...]
SEOUL, Oct. 27 (Korea Bizwire) – POSCO E&C announced on Thursday that it had developed a multi-layer welding automation engineering technology for application in steel bridge construction. This new process, developed in collaboration with POSCO, allows for precise adjustments of electric current, voltage, welding speed, and type, based on the type and thickness of the steel [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea will supply 120,000 public homes in addition to the existing plan to deliver 2.7 million new homes by 2027 to offset the declining private-sector home supply amid higher lending rates, the land ministry said Tuesday. In August last year, the government announced the public home supply plan [...]
SEOUL, Sept. 20 (Korea Bizwire) – Samsung C&T Corp. and six other South Korean companies have ranked among the world’s top 100 builders based on their 2022 sales, Deloitte Korea said Wednesday. Samsung C&T, the construction and trading arm of South Korea’s No. 1 conglomerate Samsung Group, placed 15th, down two notches from a year [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Tuesday it will seek to sharply boost its corporate value over the next 12 years by shifting to a new eco-friendly growth strategy. POSCO E&C, the construction arm of South Korea’s top steelmaker POSCO Holdings Inc., said it is targeting to register [...]
SEOUL, Sept. 11 (Korea Bizwire) –Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business. Hyundai E&C, South Korea’s No. 2 builder, didn’t disclose the amount of its investment in [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean construction companies’ overseas orders increased 20 percent in the January-August period from a year earlier to exceed US$20 billion, industry data showed Sunday. Local builders obtained $21.9 billion worth of overseas orders between January and August, up from $18.3 billion worth of deals in the same period [...]
SEOUL, Sept. 8 (Korea Bizwire) — On Thursday, Kasa, a real estate securities trading platform, announced that the subscription rate for its seventh public offering building, ‘Apgujeong Commerce Building,’ exceeded 56 percent on the first day of the public offering. On Wednesday, the initial day of the public offering, the company raised 9.4 billion won [...]