SEOUL, Sept. 3 (Korea Bizwire) — As South Korea grapples with shifting demographics and evolving living patterns, major construction companies are introducing innovative apartment designs that allow residents to easily modify their living spaces. On August 31, industry leaders showcased new floor plans that break from traditional layouts, offering adaptable structures that can be customized to [...]
SEOUL, Sep. 2 (Korea Bizwire) — In a country where high-rise apartment living is the norm, South Korean developers are pushing the boundaries of residential amenities, transforming communal spaces into hubs of wellness, culture, and community engagement. Hyundai Engineering, one of South Korea’s leading construction firms, announced on September 1 that it will debut a suite [...]
SEOUL, June 3 (Korea Bizwire) — Average South Korean workers in their 20s need 86.4 years to buy an apartment in Seoul using only their wage earnings, a report showed Monday. Lee Han-jin, a researcher at the Labor Institute of the Korean Confederation of Trade Unions, the largest umbrella union, released the report based on [...]
SEOUL, Dec. 11 (Korea Bizwire) – The land ministry said Monday it will not authorize the completion of newly built apartments if inter-floor noise levels fail to meet accepted standards. As part of measures to tackle widespread social problems surrounding noise disputes between neighbors, the ministry said it will also strengthen quality control by measuring [...]
SEOUL, Nov. 3 (Korea Bizwire) – In this year’s Best Apartment Brand rankings, Hillstate by Hyundai E&C has claimed the top position. According to the 2023 Best Apartment Brand survey conducted by Real Estate R114 and Hankook Research, involving 4,029 adults nationwide from October 4 to 17, Hillstate has secured first place in the overall rankings, [...]
SEOUL, Oct. 18 (Korea Bizwire) – More than half of this year’s apartment buyers are in their 30s and 40s, and there is a growing preference for ‘chopuma’—a term used to describe apartment complexes adjacent to elementary schools. According to the Korea Real Estate Board on Tuesday, the total number of individuals who purchased apartments nationwide in [...]
SEOUL, July 18 (Korea Bizwire) — Samsung C&T Corp.’s construction division has announced plans to launch an Art Gallery service that connects artwork installation and purchasing within its apartment complexes. In order to provide this service to the residents, the construction division intends to establish a strategic partnership with the art auction platform Flea Auction. [...]
SEOUL, July 9 (Korea Bizwire) — The criteria for Koreans choosing an apartment, the most common form of housing in the country, are undergoing a transformation. In the past, the proximity to subway stations, known as ‘Yeokssekwon’ or station areas, was considered an essential factor due to its emphasis on transportation convenience. However, there is [...]
SEOUL, July 7 (Korea Bizwire) — GS Engineering & Construction Co.’s decision to reconstruct the apartment complex, where an underground parking lot collapsed, is known to be driven by the determination of its top management, industry sources said Thursday. The company initially issued a written apology after the Ministry of Land, Infrastructure, and Transport briefed [...]
SEOUL, April 4 (Korea Bizwire) — Most retired seniors apply for security guard positions to sustain their livelihood. This is largely because it is difficult for a job seeker over the age of 60 to find a decent job with a decent career portfolio. Gapjil 119, a civic group dedicated to stamping out power abuse [...]