SEOUL, Aug. 20 (Korea Bizwire) — GS Engineering & Construction said on August 18 that it won a US$584.5-million order to build a bridge in Kuwait. Commissioned by the Kuwaiti Ministry of Public Works, the project calls for building the 12.43-kilometer Doha Link bridge connecting Shuwaikh to the port village of Doha in the Jahra region of [...]
SEOUL, Aug. 20 (Korea Bizwire) — LG CNS, an LG Group company specializing in information technology services including consulting, system integration, and business process outsourcing, has set out to build Malaysia’s first automatic logistics processing center based on homemade logistics processing solution. LG CNS said on August 19 that it will begin establishing the automatic package sorting [...]
SEOUL, Aug. 15 (Korea Bizwire) – Hanwha Engineering & Construction holds its place as an environmentally friendly construction company with its “Green Certification” in both areas of the construction environment and the water treatment program. On August 13, Hanwha E&C announced that its indoor lighting system using natural sunlight, the super-insulated window system and membrane bioreactor [...]
SEOUL, Aug. 7 (Korea Bizwire) – Another sinkhole nearby a skyscraper under construction adds an air of anxiety among residents of Songpa district, one of the most affluent regions in Seoul, where four sinkholes already appeared in two months. On August 5, the latest sinkhole appeared in the middle of a six-lane street in Songpa District just [...]
SEOUL, July 26 (Korea Bizwire) –‘China money’ is rapidly changing the overall landscape of Jeju Island, the Hawaii of South Korea, well known for its pristine water and scenic beauty, along with its unique culture. As of the first quarter of this year, Chinese investors owned 3.2 million square meters of the island’s land, about [...]
SEOUL, July 18 (Korea Bizwire) — The site of the former headquarters building of Korea Electric Power Corp. in Seoul’s Gangnam will be up for sale and it remains to be seen who will take the land plot considered one of the best locations in Seoul. In addition, overseas real estate groups such as China’s Greenland Holding [...]
SEOUL, July 9 (Korea Bizwire) – Hong Myung-bo, who has been under fire for South Korean football team’s disappointing performance in the Brazil World Cup games, now faces another public uproar due to an issue not related to soccer: his alleged speculative investment on a real estate property. According to a stream of local reports, it [...]
SEOUL, July 6 (Korea Bizwire) –Global IT firms have increasingly settled down in Gangnam district of Seoul, which has struggled with a growing vacancy rate due to the existing tenants’ relocating to other popular business towns such as Pangyo or Gangbuk regions. Over the past year, the number of international firms relocated to Gangnam has [...]
SEOUL, July 5 (Korea Bizwire) – China’s renewed interest in investment opportunities in South Korea is driving surging investment growth in the east Asian neighboring country. The world’s second-largest economy especially has keen interest in Korea’s major projects largely located in western areas which include Saemangeum reclamation project, Incheon Free Economic Zone and Gyeonggi Province, much closer [...]
SEOUL, July 5 (Korea Bizwire) – South Korean companies’ overseas project investments are more likely to be accelerated as the nation’s official export credit agency has decided to make its first-ever equity investment in a Korean consortium-led privately-funded power plant in overseas market. The Export-Import Bank of Korea (Korea Eximbank) announced on July 3 that it [...]