SEOUL, Oct. 12 (Korea Bizwire) — A growing number of disputes over public access and shared resources are flaring up among apartment complexes in Seoul’s affluent Gangnam area, reflecting what some sociologists call an “urban tribalism” fueled by skyrocketing property values. In Gangdong District, residents of the 4,066-unit Godeok Arteon complex voted late last month to [...]
SEOUL, Oct. 2 (Korea Bizwire) – LG Electronics Inc. on Thursday unveiled new modular housing models featuring the latest home appliances in response to the growing demand for second houses. The South Korean tech giant launched two new models of the LG Smart Cottage, which refers to the company’s prefabricated home equipped with its heating, [...]
SEOUL, Sept. 30 (Korea Bizwire) — Samsung C&T has taken a tangible step toward reimagining urban housing with the completion of a “Next Home” test bed in Yongin, south of Seoul. The three-story, 554-square-meter facility showcases technologies designed to break away from the rigid apartment layouts that have long dominated South Korea’s housing market. Instead, [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s leading construction companies are rolling out advanced monitoring systems and wearable devices to curb workplace accidents, but industry officials acknowledge that technology alone cannot eliminate risks in sprawling, high-density worksites. According to industry data released Sunday, most major builders now operate centralized control centers linking CCTV footage [...]
SEOUL, Sept. 15 (Korea Bizwire) — Companies that suffer from at least three industrial accident deaths a year will be fined up to 5 percent of their operating profit, the labor ministry said Monday. Under the new industrial safety measures, the government will revise a law that would revoke the licenses of companies that continually [...]
SEOUL, Sept. 15 (Korea Bizwire) — When South Korea announced its latest housing policy this month, officials were not only grappling with soaring property prices and supply shortages in the Seoul metropolitan area. They were also contending with a tiny, nocturnal amphibian with outsized influence: the Mongkoi. The Mongkoi (also known as narrow-mouth frog), listed [...]
SEOUL, Sept. 5 (Korea Bizwire) — With more than one in four South Korean households now raising a pet, real estate developers are racing to appeal to so-called “pet families” by building apartments with dedicated pet-friendly amenities. According to data released Thursday by the Ministry of Agriculture, Food and Rural Affairs, 28.6 percent of households [...]
SEOUL, Aug. 29 (Korea Bizwire) — Lotte Engineering & Construction said Thursday it has stepped up workplace safety measures in line with the government’s newly announced “12 Core Safety Rules,” rolling out technology and policies aimed at protecting laborers in one of South Korea’s most accident-prone industries. The company has developed what it calls the [...]
SEOUL, Aug. 12 (Korea Bizwire) — The South Korean government is focusing on reforming subcontracting practices in the construction industry, identifying illegal subcontracting and reckless sub-subcontracting as major contributors to workplace accidents. According to the Ministry of Employment and Labor, Minister Kim Young-hoon recently announced plans to collaborate with relevant agencies to eliminate these illegal [...]
SEOUL, Aug. 6 (Korea Bizwire) — POSCO E&C, the construction arm of South Korea’s leading steelmaker POSCO Group, said Wednesday it has begun an emergency management system and temporarily suspended new orders in its infrastructure business following a series of fatal industrial accidents at company-managed construction sites. In a statement, the company said any business [...]