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Inter-floor Noise Test Made Mandatory After Apartment Construction

Inter-floor Noise Test Made Mandatory After Apartment Construction

SEOUL, June 10 (Korea Bizwire) — Starting in July 2022 at the latest, all construction firms will be required to meet regulations on inter-floor noise before acquiring construction permits. The Ministry of Land, Infrastructure and Transport announced Tuesday that it will require construction firms to pass a test to determine how well each floor blocks [...]

Builders Turn to High-tech Solutions as Coronavirus Fears Weigh on Housing Market

Builders Turn to High-tech Solutions as Coronavirus Fears Weigh on Housing Market

SEOUL, Feb. 7 (Korea Bizwire) — The Wuhan coronavirus is prompting changes to the way South Korean construction companies are selling new apartment units. Jungheung Construction Co., which plans to open sales for an apartment complex in the Wirye New Town in Hanam, Gyeonggi Province, in February, has replaced the typical model house with a [...]

Radioactive Materials Found in 19,000 Households over 5 Years

Radioactive Materials Found in 19,000 Households over 5 Years

SEOUL, Oct. 22 (Korea Bizwire) — Over the last five years, radon, a radioactive substance, was reportedly found at thousands of apartment complexes across the nation. The substance was mostly found in construction materials. Rep. Chung Dong-young, based on reports collected from 14 regional authorities, said radon was found in 18,682 households between 2015 and [...]

‘Full-time’ Landlords Earn 2.79 mln Won a Month

‘Full-time’ Landlords Earn 2.79 mln Won a Month

SEOUL, Oct. 7 (Korea Bizwire) — It has been confirmed that as many as 18,000 “full-time” landlords make money by renting out apartments full-time, without any other job. According to data received by Rep. Park Hong-keun from the National Tax Service, the number of individuals that live off of rental income, or so-called ‘landlords’, came [...]

Seoul Eyes Price Ceiling on Privately Built New Apartments to Curb Housing Prices

Seoul Eyes Price Ceiling on Privately Built New Apartments to Curb Housing Prices

SEOUL, Jul. 10 (Korea Bizwire) – In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a [...]

New Technology Creates Firewalls to Protect Smart Homes

New Technology Creates Firewalls to Protect Smart Homes

SEOUL, Jun. 5 (Korea Bizwire) — The Seoul Housing and Communities Corporation (SH) has implemented a firewall system between households to protect the privacy of each home network. In the age of smart homes, where an increasing number of household functions are being connected to the internet, a need for network privacy is becoming more [...]

Seoul City to Intervene in Redevelopment Projects to Promote Quality Design

Seoul City to Intervene in Redevelopment Projects to Promote Quality Design

SEOUL, Mar. 13 (Korea Bizwire) — Seoul’s city government plans to intervene in redevelopment and reconstruction projects led by the private sector. Deputy Mayor Jin Hee-sun of the Seoul Metropolitan Government’s Urban Regeneration Headquarters announced the city’s comprehensive plan for urban and construction innovation on Tuesday. The plan involves the city providing guidelines on the [...]