SEOUL, Sept. 8 (Korea Bizwire) — On Thursday, Kasa, a real estate securities trading platform, announced that the subscription rate for its seventh public offering building, ‘Apgujeong Commerce Building,’ exceeded 56 percent on the first day of the public offering. On Wednesday, the initial day of the public offering, the company raised 9.4 billion won [...]
SEOUL, Dec. 23 (Korea Bizwire) — The number of households benefiting from the government’s Green Remodeling Assistance project is increasing every year. The Ministry of Land, Infrastructure and Transport said Sunday that it has achieved green remodeling interest support for 11,000 households this year. This represents an increase of about 18.6 percent compared to 9,278 [...]
SEOUL, Aug. 8 (Korea Bizwire) — The three major mobile carriers in South Korea are scrambling to install indoor telecommunications equipment to enable the use of 5G networks in buildings later this year. Since becoming the world’s first to successfully commercialize 5G services, the three mobile carriers have been focusing on expanding the network to [...]
SEOUL, Feb. 14 (Korea Bizwire) – Doosan’s ‘We’ve the Zenith’ in Haeundae, Busan, which has been recognized as the tallest building in Korea since construction was completed in 2011, will soon be handing over the title to the Lotte World Tower in Jamsil, Seoul. As of the end of last year, the tallest among completely [...]
SEOUL, Dec. 16 (Korea Bizwire) – All newly-built houses in South Korea will be equipped with earthquake-resistant structures starting in the second half of next year under the government’s comprehensive measures against the natural disaster, a related ministry announced Friday. The government has also decided to pour 2.8 trillion won (US$2.3 billion) by 2020 to [...]
SEOUL, Feb.17 (Korea Bizwire) – The Korea Forest Research Institute (KFRI) has announced plans to build a five-story wooden building by 2018, and a 10-story wooden apartment building by 2022. The institute released a report outlining the results of a study examining the feasibility of constructing tall buildings out of wood. Manufacturing technologies for materials [...]