SEOUL, May 30 (Korea Bizwire) — Hyundai Engineering & Construction (Hyundai E&C) Co. said Friday it will withdraw from a national project to build a new international airport in South Korea’s southeastern port city of Busan, citing difficulties in meeting the completion deadline sought by the government. “It is impossible to ensure a safe construction [...]
SEOUL, Nov. 30 (Korea Bizwire) — The government plans to establish a public corporation in April tasked with constructing an international airport on Gadeok Island in South Korea’s southeastern port city of Busan, according to officials Thursday. The transportation ministry said it will issue an advance notice of the legislation and related enforcement ordinance for [...]
SEOUL, April 26 (Korea Bizwire) — South Korea plans to build the nation’s first floating airport in the southern port city of Busan by 2035 in a move to handle growing air traffic demand in the region and to seek balanced development across the country, the land ministry said Tuesday. Last year, the National Assembly [...]