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 [...]
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 [...]
SEOUL, Nov. 22 (Korea Bizwire) — A recent study has revealed that individuals who suffer from a heart attack at a location higher than the third floor of a building have a lower chance of full recovery than those who suffer from the same illness on the first or second floors. Researchers from Kangdong Sacred [...]
SEJONG, Nov. 19 (Korea Bizwire) — The number of apartments owned by households in South Korea came to 9.03 million in 2018, accounting for 59 percent of all homes across the country, government data showed Tuesday. The figures represent a 3.9 percentage-point hike from 8.7 million apartments owned by households in South Korea in 2017, [...]
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 [...]
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, 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 [...]
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, 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 [...]
SEOUL, Feb. 4 (Korea Bizwire) — While many families leave for their hometown to visit their families during the Lunar New Year holiday, there are many houses full of people gathered to meet relatives and families. Children gathered at their grandparents’ house run around with their cousins filled with joy after receiving pocket money. For [...]