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STACK Infrastructure and ESR Partner to Expand Their APAC Footprint into Korea with a 48MW Data Center in Seoul

STACK Infrastructure and ESR Partner to Expand Their APAC Footprint into Korea with a 48MW Data Center in Seoul

SINGAPORE, Sept. 8 (Korea Bizwire) – STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, and ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New [...]

Seoul City to Support Migration of Semi-basement Apartment Residents

Seoul City to Support Migration of Semi-basement Apartment Residents

SEOUL, Aug. 16 (Korea Bizwire) — Following the announcement that semi-basement apartments, better known as “banjiha” in South Korea, vulnerable to heavy showers would gradually be phased out, the Seoul Metropolitan Government also introduced migration plans for residents currently living in banjiha houses. The city announced Monday that it will incorporate as many policy options [...]

Seoul to Build Deep Underground Rainwater Tunnels in 6 Flood-prone Areas

Seoul to Build Deep Underground Rainwater Tunnels in 6 Flood-prone Areas

SEOUL, Aug. 11 (Korea Bizwire) — The Seoul city government has disclosed medium- and long-term flood prevention measures centered on the construction of deep underground rainwater storage facilities in six flood-prone areas. According to the measures announced by Mayor Oh Se-hoon on Wednesday, the city government will spend 1.5 trillion won (US$1.15 billion) over the [...]

Seoul to Weed Out Basement, Semi-basement Homes Following Flooding Deaths of Family

Seoul to Weed Out Basement, Semi-basement Homes Following Flooding Deaths of Family

SEOUL, Aug. 10 (Korea Bizwire) — The city government of Seoul will no longer give permission to construct basement or semi-basement homes, while pushing to gradually weed out existing subterranean homes, officials said Wednesday. The plan follows the deaths of three family members in a flooded semi-basement home in Seoul’s Gwanak district Monday night when [...]