SEOUL, Nov. 28 (Korea Bizwire) – Seoul’s urban skyline is set for a dramatic transformation as the city approved plans for ultra-high-rise apartment complexes reaching up to 250 meters in two prime locations: the affluent Apgujeong-dong neighborhood in Gangnam district and the emerging luxury district of Seongsu-dong. The Seoul Metropolitan Government announced on November 26 that [...]
SEOUL, Nov. 27 (Korea Bizwire) — Daewoo Engineering & Construction (E&C) Co. said Wednesday it has broken ground for a high-rise building project in Hanoi, part of a major urban development initiative in the Vietnamese capital. Daewoo E&C said it held a groundbreaking ceremony for the construction project, named K8HH1, part of Hanoi’s Starlake new [...]
SEOUL, Nov. 25 (Korea Bizwire) — In an effort to tackle persistent floor noise issues in apartments, Korea Land and Housing Corporation (LH) unveiled the country’s largest soundproofing testing facility, the ‘Decibel 35 Lab,’ located at the Sejong Housing Performance Research and Development Center. This new facility simulates real apartment environments, allowing for in-depth testing [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korean tech giant Naver Corp. said Monday it will establish a joint venture with Saudi Arabia’s state housing company to collaborate for digital twin platform projects in the Middle East. Naver and Saudi Arabia’s National Housing Company signed a memorandum of understanding for the establishment of the joint [...]
SEOUL, Nov. 12 (Korea Bizwire) – In a major development for South Korea’s entertainment industry, Shinsegae Group, led by Chairman Chung Yong-jin, has announced plans to partner with U.S. entertainment conglomerate Paramount to create a massive international theme park, marking Paramount’s first such venture outside North America. The 4.57 trillion won project, named Star Bay City, [...]
SEOUL, Nov. 8 (Korea Bizwire) – Leading construction organizations in South Korea have launched a new initiative to improve the industry’s public image, which has been tarnished by repeated incidents of substandard work, safety violations, and corruption. The Korea Federation of Construction Associations announced on November 7 that it held its kickoff meeting for the “Construction [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]
SEOUL, Oct. 16 (Korea Bizwire) – In a significant breakthrough for urban living, Hyundai Engineering announced on October 15 that it has developed South Korea’s first “ceiling-type soundproofing structure,” a novel approach to tackling the persistent issue of inter-floor noise in apartment buildings. Unlike traditional floor-based soundproofing methods, this innovative system is installed in the ceiling, [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung C&T, a major player in South Korea’s construction industry, announced on October 9 the launch of its new building platform, Bynd, marking a significant step in the company’s expansion into digital space innovation. The platform integrates various services essential for commercial buildings, leveraging cutting-edge technologies such as generative artificial [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korea’s job market presented a mixed picture in the first half of 2024, with significant job losses in construction and retail sectors contrasting with growth in social welfare and software development, according to a report released by Statistics Korea on October 8. The “Regional Employment Survey: Industrial and Occupational Characteristics [...]