SEOUL, June 10 (Korea Bizwire) — Starting in July 2022 at the latest, all construction firms will be required to meet regulations on inter-floor noise before acquiring construction permits. The Ministry of Land, Infrastructure and Transport announced Tuesday that it will require construction firms to pass a test to determine how well each floor blocks [...]
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, Sept. 25 (Korea Bizwire) — South Korea’s 30 biggest conglomerates were found to be engaged in over 13 trillion won (US$11 billion) worth of lawsuits in the first half of the year, a local market research firm said Wednesday. In their earnings reports for the January-June period, 176 affiliates of the top 30 business [...]
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 [...]
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SEOUL/TOKYO, Apr. 10 (Korea Bizwire) — The construction permit for a new Japanese embassy building in central Seoul has been revoked, as Tokyo failed to break ground for four years after winning the permit, municipal officials said Wednesday.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 [...]
SEOUL, Jan. 23 (Korea Bizwire) — The construction of the new nuclear reactors under progress in the country is expected to be further delayed as South Korea moves forward with the implementation of a revised labor law that limits the maximum weekly working hours to 52, industry sources said Wednesday. According to a statement from [...]
SEOUL, Aug. 21 (Korea Bizwire) – POSCO Engineering & Construction Co. said Sunday it has won a 950 billion-won (US$832 million) deal to construct a coal-fired power plant in Bangladesh. Under the contract signed with Japanese trading firm Sumitomo Corp., the construction arm of steelmaker POSCO will build a 1,200 megawatt plant and related facilities [...]
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 [...]
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 [...]