GWANGJU, June 4 (Korea Bizwire) — Police transferred a top official of HDC Hyundai Development Co. to the prosecution Friday, wrapping up an investigation into the fatal collapse of an apartment building under construction in the southwestern city of Gwangju in January. Outer wall structures of the 39-story building in the city, 330 kilometers south [...]
SEOUL, March 28 (Korea Bizwire) — The government on Monday sought the cancellation of HDC Hyundai Development Co.’s business registration in what could be the heaviest punishment against the builder over a deadly partial collapse of a high-rise building. Outer wall structures of the 39-story apartment building under construction in the city, 330 kilometers south [...]
SEOUL, Aug. 9 (Korea Bizwire) — A five-story building in the southwestern city of Gwangju collapsed during a demolition process due to improper excavation procedures that added excessive weight near the bottom, the transport ministry said Monday. The building collapsed on June 9 and fell onto a bus that was stopped at a bus stop [...]