SEOUL, Jan. 30 (Korea Bizwire) — Samsung Display Co., a panel manufacturing unit of Samsung Electronics Co., said Thursday its new office building has received top ratings from a U.S. green building certification system for its energy efficiency and eco-friendly design. Samsung Display Research, the company’s newly built headquarters in Giheung on the southern outskirts [...]
SEOUL, Jan. 21 (Korea Bizwire) — Korean manufacturers of power equipment and electrical cables are strengthening their foothold in the United States as demand surges for grid infrastructure upgrades, driven by artificial intelligence and data center expansion. HD Hyundai Electric announced on January 20 its plans to invest 185 billion won to construct a second manufacturing [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s leading construction company, Samsung C&T, has secured the rights to develop the Hannam District 4 redevelopment project, outbidding its rival Hyundai Engineering & Construction and marking its entry into the Hannam New Town development project. The win positions Samsung C&T favorably for future landmark projects, including the highly [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Ministry of Environment announced on January 15 that it has revised guidelines to extend government support for the removal of asbestos-containing slate roofing to small facilities serving the elderly and children. Slate roofing materials, which were widely used in the 1960s and 1970s, contain 10-15% asbestos, a Class 1 [...]
SEOUL, Jan. 10 (Korea Bizwire) — Taihan Cable & Solution Co., South Korea’s second-largest cable company, said Friday it has received a 100 billion-won (US$68.6 million) extra high-voltage cable order in Britain. Taihan Cable has obtained the deal from Balfour Beatty plc, a London-based infrastructure construction contractor, to supply 400 kilovolt high-voltage cables and cable [...]
SEOUL, Jan. 7 (Korea Bizwire) — The construction sector in South Korea is on edge after Shindongah Construction, a mid-sized builder known for its “Famille” housing brand, filed for court-led rehabilitation on January 6. The company, ranked 58th in construction capability evaluations, is the largest in its tier to take this step amid a worsening [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean builders have achieved more than US$1 trillion in accumulated overseas construction deals, the transport ministry said Friday. The achievement comes 59 years after Hyundai Engineering & Construction Co. obtained its first overseas deal to build an expressway in Thailand in November 1965. Local builders secured $32.69 billion [...]
SEOUL, Jan. 2 (Korea Bizwire) – The average daily wage in South Korea’s construction industry will increase by approximately 2% in the first half of 2025 compared to the same period in 2024, according to data released by the Korea Construction Association on January 1. The findings are based on a September 2024 survey of [...]
SEJONG, Jan. 2 (Korea Bizwire) – South Korea is streamlining its building energy efficiency evaluation system by integrating the Building Energy Efficiency Rating System into the Zero Energy Building (ZEB) Certification Program, the Ministry of Land, Infrastructure, and Transport announced on January 1. The changes are part of the Third Green Building Master Plan (2025–2029), [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea’s tap water supply coverage has reached an impressive 99.5%, according to the 2023 National Waterworks Statistics released by the Ministry of Environment on Wednesday. The report highlights improved water supply infrastructure, reduced leakage rates, and a modest increase in water rates. Key Findings from the Report The [...]