SEOUL, Nov. 25 (Korea Bizwire) — South Korean construction and engineering companies will explore potential collaboration opportunities with multilateral development banks (MDBs) for overseas infrastructure development projects, officials said Tuesday. Some 100 Korean firms are set to attend the two-day 2025 MDB Project Plaza event, which will run through Wednesday in Seoul to introduce MDBs’ [...]
SEOUL, Nov. 28 (Korea Bizwire) — Nearly 4 in 10 South Korean construction firms were unable to service their debts with earnings in 2022 due mainly to falling profitability, a poll showed Tuesday. A total of 929 local builders had an interest coverage ratio of below 1 last year, accounting for 41.6 percent of all [...]
SEOUL, March 14 (Korea Bizwire) — South Korean construction firms are turning towards new ventures in the environment and energy sectors amid worsening profitability in the housing market. SK Ecoplant Co., which underwent a corporate name change from SK Engineering & Construction Co. in 2021, is pursuing new ventures such as waste battery recycling, bio [...]
SEOUL, Oct. 3 (Korea Bizwire) — Model houses using metaverse technology are emerging as a new trend in the South Korean construction industry, as part of efforts to reduce the cost needed to build and operate real model houses as well as to reach a wider customer base without physical limits. Lotte Engineering & Construction Co., [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s major construction firms are banding together to address inter-floor noise, which has emerged as a major social problem in recent years. Samsung C&T Corp., the construction unit of Samsung Group, announced that it recently signed an agreement with POSCO Engineering & Construction Co. and Lotte Engineering & [...]