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Department Stores Renovate Outlets Targeting Young Customers

Department Stores Renovate Outlets Targeting Young Customers

SEOUL, Oct. 4 (Korea Bizwire) — Major local department stores have renovated their outlets in bustling areas and realigned sales sections in an effort to attract a new clan of young customers amid faltering sales hit by the new coronavirus outbreak, industry sources said Sunday. Industry leader Lotte Department Store and its main rivals Shinsegae [...]

Gov’t to Renovate 2,800 Antiquated School Buildings Under ‘New Deal’ Project

Gov’t to Renovate 2,800 Antiquated School Buildings Under ‘New Deal’ Project

SEOUL, July 17 (Korea Bizwire) — The government will spend 18.5 trillion won (US$15.35 billion) over the next five years on renovating about 2,800 dilapidated school buildings, as part of its “New Deal” project to create millions of jobs and reinvigorate the nation’s coronavirus-hit economy, the Ministry of Education said Friday. The massive school renovation [...]

“Green” Renovations Lead to Significant Energy Savings

“Green” Renovations Lead to Significant Energy Savings

SEOUL, Dec. 23 (Korea Bizwire) — The number of households benefiting from the government’s Green Remodeling Assistance project is increasing every year. The Ministry of Land, Infrastructure and Transport said Sunday that it has achieved green remodeling interest support for 11,000 households this year. This represents an increase of about 18.6 percent compared to 9,278 [...]

Interior Ministry Asks for Halt to Gwanghwamun Square Renovation

Interior Ministry Asks for Halt to Gwanghwamun Square Renovation

SEOUL, Aug. 8 (Korea Bizwire) — The Moon Jae-in administration has formally put the brakes on Seoul Mayor Park Won-soon’s ambitious bid to renovate Gwanghwamun Square, a national landmark located in the heart of the capital, officials said Thursday. According to the officials, the Ministry of the Interior and Safety sent an official notice to [...]

Seoul to Provide 180 Million Won for Each ‘Hanok’ Renovation

Seoul to Provide 180 Million Won for Each ‘Hanok’ Renovation

SEOUL, June 1 (Korea Bizwire) – The Seoul Metropolitan Government will provide up to 180 million won (U.S. $151,200) worth of subsidies for the renovation of traditional houses. The announcement was made soon after an area of 550,000 square meters over five districts, including two of the oldest neighborhoods in the capital, was designated as a [...]