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S. Korea to Build 3 Hydrogen-powered Cities by 2022

S. Korea to Build 3 Hydrogen-powered Cities by 2022

SEOUL, Oct. 10 (Korea Bizwire) — South Korea will build three hydrogen-powered cities in extended efforts to promote hydrogen energy in Asia’s fourth-biggest economy, the transport ministry said Thursday. In a three-year project headed by the Ministry of Land, Infrastructure and Transport, the government plans to build pilot hydrogen-powered cities by 2022, the ministry said [...]

Seoul Mayor Vows to Protect Stray Cats

Seoul Mayor Vows to Protect Stray Cats

SEOUL, Sept. 10 (Korea Bizwire) — The mayor of Seoul has announced that the city will create a coexisting environment for animals by protecting stray cats at redevelopment sites. Mayor Park Won-soon promised to take action on a proposal made via the city’s civic participation platform asking the government to protect stray cats at sites [...]

Foreigners Comprise Half of All Workforce at Construction Sites

Foreigners Comprise Half of All Workforce at Construction Sites

SEOUL, Sept. 3 (Korea Bizwire) — More than half of all construction workers in South Korea are foreigners. While Koreans comprise most of the workforce in major phases of construction, tasks that involve using physical labor are mostly completed by foreign workers. The Construction and Economy Research Institute of Korea (CERIK) reported that there were [...]

Seoul Cancels Construction Permit for New Japanese Embassy Building

Seoul Cancels Construction Permit for New Japanese Embassy Building

SEOUL/TOKYO, Apr. 10 (Korea Bizwire) — The construction permit for a new Japanese embassy building in central Seoul has been revoked, as Tokyo failed to break ground for four years after winning the permit, municipal officials said Wednesday. Seoul’s Jongno Ward Office said it notified the Japanese Embassy on March 4 of the cancellation of [...]

S. Korea’s Economic Structure Remains Fragile: Think Tanks

S. Korea’s Economic Structure Remains Fragile: Think Tanks

SEOUL, June 5 (Korea Bizwire) – South Korea’s latest economic gains do not indicate that the country’s financial condition is on a firm track, as the increases can be attributed to investment in the construction sector and not improvements in private consumption, a research showed Sunday.  Hyundai Research Institute (HRI) said in a report that [...]

Local Builders Jittery about New Gov’t Eco-Friendly Energy Policy

Local Builders Jittery about New Gov’t Eco-Friendly Energy Policy

SEOUL, May 25 (Korea Bizwire) – Environment-friendly energy policies pledged by the Moon Jae-in administration are raising concerns among local builders, which fear power plant construction projects may take a hit, industry officials said Thursday.  The chief executive said during his campaign that he will stop all new construction of coal-fired power plants and review [...]

Ground Broken for World’s Longest Suspension Bridge in Turkey

Ground Broken for World’s Longest Suspension Bridge in Turkey

SEOUL, March 19 (Korea Bizwire) – A groundbreaking ceremony has been held in a Turkish seaport for the construction of the world’s longest suspension bridge by an international consortium led by South Korean builder SK E&C, industry sources said Sunday.  The ceremony took place on Saturday in Canakkale, Turkey, to coincide with the 60th anniversary [...]