construction industry Archives | Be Korea-savvy
Construction Industry Steps Up to Reduce Apartment Noise

Construction Industry Steps Up to Reduce Apartment Noise

SEOUL, Jan. 21 (Korea Bizwire) — Floor-to-floor apartment noise has been a long-standing social problem in South Korea, and it is worsening as more people are spending longer hours at home. The Korea Environment Corporation reported 895 cases of complaints related to apartment noise last year, up by approximately 80 percent since 2019 (507 cases). [...]

Coronavirus Leaves Construction Industry in Dilemma over Model Homes

Coronavirus Leaves Construction Industry in Dilemma over Model Homes

SEOUL, Feb. 10 (Korea Bizwire) — In the wake of the spread of the novel coronavirus infection, also known as Wuhan pneumonia, events that attract massive crowds are being cancelled. Meanwhile, the construction industry is having to deal with a difference in opinions between those in the Seoul metropolitan area and provincial areas over the [...]

BOK Warns Economic Stimulus Too Focused on Construction Industry

BOK Warns Economic Stimulus Too Focused on Construction Industry

SEOUL, July 15 (Korea Bizwire) – The Bank of Korea (BOK) revealed on July 15 its ‘Adequacy Analysis of Recent Investment in Construction’ included in the Economic Outlook Report of July 2016, which showed serious concerns regarding the government’s economic stimulus plan focused on the construction industry. The BOK pointed out that Korea is following in the [...]

Construction Contractors Complain of Excessive Penalties for Project Collusion

Construction Contractors Complain of Excessive Penalties for Project Collusion

SEOUL, June 26 (Korea Bizwire) –As the Fair Trade Commission pressures the construction contractors ever harder for colluding in biddings, the total bill for penalties for the past two years has surpassed 450 billion won. Accordingly, some contractors with poor results this year had to pay fines in excess of their profits. According to construction industry [...]