SEOUL, June 18 (Korea Bizwire) — Housing prices in Seoul and non-capital regions have diverged further in recent years amid ongoing economic and social changes, and the government is advised to avoid stimulating construction investment through additional housing supply in non-capital areas, the central bank said Wednesday. The gap in cumulative housing price increases between [...]
DAEJEON, South Korea, June 12 (Korea Bizwire) — A surge of green algae in Daejeon’s three main rivers — the Gapcheon, Yudeungcheon, and Daejeoncheon — has sparked criticism from environmental groups, who argue the bloom is a direct result of large-scale dredging operations carried out in recent years. In a joint statement released Wednesday, the Green [...]
SEOUL, May 30 (Korea Bizwire) — Hyundai Engineering & Construction (Hyundai E&C) Co. said Friday it will withdraw from a national project to build a new international airport in South Korea’s southeastern port city of Busan, citing difficulties in meeting the completion deadline sought by the government. “It is impossible to ensure a safe construction [...]
SEOUL, May 29, 2025 (Korea Bizwire) — With forecasts pointing to another record-breaking heatwave this summer, South Korea’s construction industry is ramping up health and safety measures to protect outdoor workers from heat-related illnesses. Major construction firms have begun implementing advanced heat-response protocols ahead of new amendments to the Industrial Safety and Health Act, set [...]
SEOUL, May 29 (Korea Bizwire) — The South Korean government has launched a major initiative to develop core technologies for robot-friendly buildings, aiming to reshape the urban built environment for seamless human-robot coexistence. The Ministry of Land, Infrastructure and Transport announced Wednesday that it will invest ₩180 billion (approximately $135 million) over the next three [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor revealed on Sunday that the highest starting monthly salary among holders of national technical licenses in 2025 was earned by certified concrete engineers, who reported a median entry-level wage of 4.2 million won ($3,100). The findings, based on a big data analysis jointly [...]
SEOUL, May 23, 2025 (Korea Bizwire) – For the first time, the number of construction engineers aged 60 and older in South Korea has surpassed those in their 40s, signaling an accelerating demographic shift in the country’s construction sector. According to a report released Thursday by the Korea Construction Policy Institute, as of February 2025, 277,432 [...]
SEOUL, May 21 (Korea Bizwire) — Hyundai Engineering & Construction announced Wednesday that it will become the first South Korean construction firm to showcase a garden installation at a major European horticultural exhibition, the RHS Flower Show at Wentworth Woodhouse 2025, organized by the Royal Horticultural Society in the United Kingdom. The RHS Flower Shows, with [...]
SEOUL, May 21 (Korea Bizwire) — Hoban Construction has successfully completed a pilot test of a smart robotic system designed to automate exterior wall painting at construction sites, the company announced Tuesday. The robot, named “Rollot,” was developed by automation specialist WPS, a startup discovered through Hoban’s open innovation program. Rollot moves vertically along wires [...]
SEOUL, May 21 (Korea Bizwire) — Roughly 230,000 foreign nationals worked in South Korea’s construction industry in 2024, accounting for 14.7% of the sector’s total workforce, according to a new report released Tuesday by the Construction Workers Mutual Aid Association. Of these, over 83% were ethnic Korean Chinese, or Joseonjok, highlighting their dominant role in [...]