SEOUL, March 9 (Korea Bizwire) — As of 2021, the tallest building in South Korea was the Lotte World Tower in Seoul, and the building with the largest floor space was LG Display Co.’s factory in Paju, just north of Seoul. According to statistics from the Ministry of Land, Infrastructure and Transport, the Lotte World [...]
SEOUL, Jan. 24 (Korea Bizwire) — The number of buildings put up for court auction has increased since October of last year following the government’s introduction of stricter regulations for loans and higher interest rates. The National Court Administration reported that the number of court auction registrations last year went from 5,521 cases in September [...]
SEOUL, June 30 (Korea Bizwire) — The National Geographic Information Institute announced that it had developed 3D digital models of 19 million buildings across the country. The models will be available from Wednesday. The models are based on a database of buildings that assessed using aerial photographs to observe their height on the basis of [...]
SEOUL, Jan. 26 (Korea Bizwire) — Foreigners’ building transactions in South Korea reached an all-time high in 2020, with deals soaring in the Seoul metropolitan area, data showed Tuesday. Foreigners’ transactions of housing and commercial buildings in Asia’s fourth-largest economy came to 21,048 last year, up 18.5 percent from a year earlier, according to the [...]
SEJONG, Dec. 4 (Korea Bizwire) — With the COVID-19 outbreak spreading rapidly in recent days, energy consumption at residential buildings has increased, while that of non-residential buildings is dropping. The Ministry of Land, Infrastructure and Transport said Thursday an analysis of building energy consumption for the second quarter of this year showed that patterns of [...]
SEJONG, Jun. 12 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport plans to organize the Construction Information System Innovation Task Force on Wednesday to introduce a new service that uses augmented reality (AR) technology to provide information on various buildings to the public. The task force will be headed by Kim Sang-mun, a [...]
SEOUL, Jan. 25 (Korea Bizwire) – Starting next month, all new buildings in Seoul will be obliged to have ventilators that can filter 95 percent of fine dust. The Seoul Metropolitan Government announced the new design standards for buildings that require the installation of air purifying ventilators and other devices. The new standards will be [...]
SEJONG, Nov. 22 (Korea Bizwire) — The land ministry will conduct research and development to build structure exteriors that can better withstand earthquakes, officials said Tuesday. A magnitude 5.4 tremor in the southeastern city of Pohang on Nov. 15 showed a building’s outer surface falling apart, raising new safety concerns that current construction regulations do [...]
SEOUL, Sept. 20 (Korea Bizwire) – All new buildings in South Korea that are higher than one story will be required to be earthquake-resistant from next year, while those with 16 floors or more must have their earthquake-proof designs verified, the government said Tuesday. The measure was set following a 5.8-magnitude earthquake that hit the [...]
ULSAN, May 26 (Korea Bizwire) – Birds often fly into glass noise barriers that line city streets, or into building windows. According to the Korea Road Kill Prevention Association (RKPA), approximately 300,000 wild animals die from collisions with vehicles or manmade structures every year, and as many as 50,000 birds are among the casualties. In [...]