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 [...]
SEOUL, May 21(Korea Bizwire) — HD Hyundai Construction Equipment, a core subsidiary of HD Hyundai, has completed the transformation of its Ulsan plant into a next-generation smart factory designed to serve as a global production hub, the company announced Tuesday. At a ceremony held May 20 at its Ulsan campus, HD Hyundai Chairman Kwon Oh-gap, [...]
SEOUL, May 20 (Korea Bizwire) — As South Korea prepares to mandate zero-energy building (ZEB) standards for private apartment complexes by the end of June, major construction firms are racing to upgrade their building technologies to meet new government regulations aimed at reducing greenhouse gas emissions. The new rules, which will apply to all private buildings [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s production in the construction sector declined by the most in more than 26 years in the first quarter amid industry slumps and political uncertainty caused by former President Yoon Suk Yeol’s martial law bid, data showed Monday. The value of construction completed, a measure of production in [...]
SEOUL, May 5 (Korea Bizwire) — As modular construction rapidly gains global traction as a sustainable and efficient building method, South Korean construction firms and public agencies are scaling up investments and expanding the scope of projects from single-story homes to high-rise apartments. Modular construction—where prefabricated components are assembled on-site—offers a range of advantages including shorter [...]
PHOENIX, May 01, 2025 (Korea Bizwire) — WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced that its Board of Directors has declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on June 18, 2025, to shareholders of record as of the [...]
SEOUL, April 20 (Korea Bizwire) — The number of unsold new homes in South Korea has reached the highest level in 11 years and five months, data showed Sunday, due mainly to weak demand for new homes in provincial regions. There were 23,722 unsold new apartments nationwide as of the end of February, doubling from [...]