SEOUL, Feb. 17 (Korea Bizwire) – The Malaysian government is planning to set up a housing guarantee corporation to protect buyers, and is considering the introduction of a Korean style housing guarantee system. The Korean Housing Guarantee Corporation (KHGC) announced that it recently held a meeting with Malaysian officials from the Ministry of Urban Wellbeing, [...]
SEOUL, Feb. 16 (Korea Bizwire) — Las Vegas Sands Corp., one of the world’s leading casino and resort developers, officially announced on February 13 at the Busan Metropolitan City Office that it plans to develop an integrated resort at the Busan North Port urban renewal area. George Tanasijevich, CEO of Sands Corp.’s subsidiary Marina Bay Sands, revealed [...]
DAEGU, Feb. 11 (Korea Bizwire) – The Daegu Metropolitan Transit Corporation (DTRO) has started limited operation of its new no. 3 transit line, the first monorail train in Korea, with the goal of opening the service to the public in April, officials said in a statement on February 9. For the next 60 days, 28 line no. 3 [...]
The construction company announced on February 4 that it received the certification of no accidents for 15 million man-hours from the Land Transport Authority (LTA) of Singapore as there have been no accidents in the 66 months since the groundbreaking in June 2009. The 15 million accident-free man-hours record is far from easy to accomplish, since [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, proposed building a 115-story structure on the land it bought from Korea Electric Power Corp. (KEPCO) last year, Seoul city officials said Sunday. The building planned by the group would be 571 meters tall and have a floor area ratio of [...]
“POSCO will help India make the leap towards becoming a core base in the automobile and components industry, and POSCO will play a role in the achievement of the ‘Made in India’ vision, which contains the will of the Indian government to invigorate the manufacturing sector. By going beyond being a simple steel supplier, POSCO [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group’s B2B and B2C affiliate companies have scored favorable responses among consumers in Saudi Arabia. According to recent data, the Seoul-based electronics powerhouse has grabbed the top spot on the BrandIndex Buzz Rankings, an annual brand-perception monitoring report created by market research firm YouGov. Samsung Electronics recorded a [...]
SEOUL, Jan. 21 (Korea Bizwire) – The Korean government is planning to operate a cross-country railroad on the Korean peninsula and develop links to the Trans-Siberian Railroad (TSR), according to a report to President Park Geun-hye from the Ministry of Unification, the Ministry of Foreign Affairs, the Ministry of National Defense and the Ministry of Patriots’ [...]
SEOUL, Jan. 19 (Korea Bizwire) – The Korean Government is getting serious about several real estate development projects in a bid to invigorate the tourism industry, according to an announcement on January 18 from related ministries and agencies such as the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure, and Transport, the Ministry of [...]
SEOUL, Jan. 16 (Korea Bizwire) – Hanwha Group has recently completed construction of its 24MW solar power plant in Japan, cementing its leading position in the Japanese solar power market. Hanwha Q CELLS Japan had a completion ceremony for the Hanwha Solar Power plant in the city of Kitsuki on January 15. The Kitsuki plant is built [...]