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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 [...]

Local Builders Speed Up Restructuring to Brace for Industry Slump

Local Builders Speed Up Restructuring to Brace for Industry Slump

SEOUL, Dec. 5 (Korea Bizwire) — Local builders are resorting to early retirement plans and large-scale manpower reshuffles to weather a possible industry-wide slump going forward, people in the sector said Wednesday. Samsung C&T has been carrying out staff restructuring over the past two years and recently opened an early retirement package to employees who [...]