builders Archives | Be Korea-savvy
Artworks Draw Attention from Builders amid Wave of Apartment Gentrification

Artworks Draw Attention from Builders amid Wave of Apartment Gentrification

SEOUL, Jan. 13 (Korea Bizwire) — There is a significant buzz around art in the construction industry on the back of the gentrification of apartment complexes. In collaboration with the artwork platform ‘Open Gallery,’ construction company Hyundai Engineering Co. developed an artwork subscription service for the communal areas of apartments last month. This service allows [...]

Builders’ 2020 Sales Fall for First Time in 21 Years on Pandemic

Builders’ 2020 Sales Fall for First Time in 21 Years on Pandemic

SEOUL, Dec. 16 (Korea Bizwire) — South Korean construction companies’ sales dropped on-year in 2020 for the first time in 21 years due to the coronavirus pandemic, government data showed Thursday. The combined top line of local builders reached 396.9 trillion won (US$336 billion) last year, down 1.1 percent from the previous year, according to [...]

Builders Roll Out Improved Concierge Service for Apartment Residents

Builders Roll Out Improved Concierge Service for Apartment Residents

SEOUL, Oct. 8 (Korea Bizwire) — An increasing number of apartment complexes are providing concierge services that perform daily chores on behalf of residents, while providing a variety of living conveniences. For the residents of the Gwanggyo IPARK apartment complex in Suwon, Gyeonggi province, built by HDC Hyundai Development Co., robots bring ordered delivery food [...]

Builders Make Direct Forays into Waste Processing Business

Builders Make Direct Forays into Waste Processing Business

SEOUL, May 12 (Korea Bizwire) — South Korea’s construction companies are moving into the waste processing business by acquiring a string of waste processing companies. As the waste processing market grows at a blistering pace with the amount of waste increasing sharply since the outbreak of the COVID-19, they are attempting to develop the waste [...]

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 [...]

Builders Target Riches with Luxury Apartment Brands

Builders Target Riches with Luxury Apartment Brands

SEOUL, Nov. 23 (Korea Bizwire) — Branding, among others, may be one of the key selling points for a product, and that’s why South Korean builders are in sync in launching luxury apartment brands, or renewing their brand identities for high-end consumers amid deepening polarization in the local housing market. Lotte Engineering & Construction Co. [...]

S. Korean Builders Likely to Miss Overseas Order Targets This Year

S. Korean Builders Likely to Miss Overseas Order Targets This Year

SEOUL, Nov. 3 (Korea Bizwire) — South Korean builders are likely to fall short of their annual overseas order targets this year, analysts said Sunday, amid concerns over a slowdown in the global economy sparked by the U.S.-China trade dispute. As of the end of October, South Korean construction companies amassed $17.68 billion worth of [...]

S. Korean Builders Striving to Meet Overseas Order Targets

S. Korean Builders Striving to Meet Overseas Order Targets

SEOUL, Jun. 26 (Korea Bizwire) — South Korean construction companies are striving to meet their annual overseas order targets amid concerns over a slowdown in the global economy, industry insiders said Wednesday, as they hope to feed off massive plant orders from the Middle East, their traditional cash cow, with oil prices staying high. Also, [...]

Builders Lure Homeseekers with Built-in Air Purifiers amid Fine Dust Woes

Builders Lure Homeseekers with Built-in Air Purifiers amid Fine Dust Woes

SEOUL, Jun. 14 (Korea Bizwire) — Various and viable tools are available for citizens here to respond to the ever-growing air pollution, and newlyweds Park Young-eun and Yeo Ryong-koo are also on the lookout for solutions to keep their home safe from fine dust. Recently, the couple who are considering buying a new apartment in [...]

POSCO E&C with Most Workplace Fatalities Among Builders in 2018: Data

POSCO E&C with Most Workplace Fatalities Among Builders in 2018: Data

SEJONG, May 13 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, had the highest number of workplace fatalities among local builders last year, government data showed Monday. The Ministry of Land, Infrastructure and Transport said 10 workers died at construction sites run by POSCO E&C after [...]