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Biz & Tech

Construction

Mon, March 1, 2021 | 12:34

Gwangmyeong, Siheung selected for major housing development project

Gwangmyeong, Siheung selected for major housing development project

The land ministry said Wednesday it has selected new sites for its housing development project aimed at increasing supplies in urban areas and curbing housing prices. The Ministry of Land, Infrastructure and Transport said it has selected a vast area spanning 1,271 square meters in Gwangmyeong and Siheung in Gyeonggi Province as the site for approximately 70,000 new homes.

2021-02-24 15:00

Business feeling pressure over strengthened labor protective law

Business feeling pressure over strengthened labor protective law

With new legislation to increase punishment of business owners and CEOs for workplace accidents taking effect next January, calls are growing from businesses for the implementation of the new law to be slow downed until they are ready to establish safety systems.

Baek Byung-yeul | 2021-02-16 16:19

Volvo CE wins Best Prize at Customer Satisfaction Management awards

Volvo CE wins Best Prize at Customer Satisfaction Management awards

Volvo Construction Equipment (CE) Korea has won the Best Prize award in the 2021 Customer Satisfaction Management awards for its proactive sales and service efforts to drive customer success, the company said Monday.

Baek Byung-yeul | 2021-01-25 18:00

SK E&C, Hanyang seek IPO with energy, environmental biz

SK E&C, Hanyang seek IPO with energy, environmental biz

Mid-sized builders SK Engineering & Construction and Hanyang Corp. are highlighting their capability in the renewable energy and environmental businesses, as part of their bids for a successful initial public offering (IPO) on the domestic bourse.

Nam Hyun-woo | 2021-01-25 10:40

$Ruling on Doosan Infracore's China unit amplifies uncertainties$

Ruling on Doosan Infracore's China unit amplifies uncertainties

Attention is growing over lawsuits involving Doosan Infracore's Chinese subsidiary Doosan Infracore China Co. (DICC) as the legal battle between the excavator maker's Chinese unit and its investors will begin at the Supreme Court, Jan. 14.

Baek Byung-yeul | 2021-01-11 16:32

Builders eye overseas LNG projects to improve profitability

Builders eye overseas LNG projects to improve profitability

Domestic construction firms are eyeing overseas LNG projects as a new cash source, as part of efforts to lower their reliance on the domestic real estate market, which is under strict government regulations to control housing prices.

Nam Hyun-woo | 2021-01-07 09:32

POSCO Chairman Choi Jeong-woo to serve second term

POSCO Chairman Choi Jeong-woo to serve second term

POSCO Chairman Choi Jeong-woo will serve a second term, as the company's board of directors voted to select him as the final candidate for the position, Friday. This comes after the chairman revealed his intention to serve another term at a board of directors meeting last month.

Kim Hyun-bin | 2020-12-11 18:02

Hyundai to be chosen as preferred negotiator for Doosan

Hyundai to be chosen as preferred negotiator for Doosan

Hyundai Heavy Industries (HHI), the country's leading shipbuilder, is “seriously reviewing” the possibility of buying a controlling stake in Doosan Infracore as the acquisition will help it expand its presence in the lucrative construction equipment segment.

Nam Hyun-woo | 2020-12-07 15:31

HDC to supply private rental apartment in November

HDC to supply private rental apartment in November

HDC Hyundai Development Company will start receiving applications of candidates to operate the rental business of its new apartment complex Gocheok IPARK in southwestern Seoul. Gocheok IPARK consists of a residential complex of six buildings standing 45 stories tall and an additional five buildings standing 35 stories tall. The latter embraces 2,205 households and they come i...

Kim Jae-heun | 2020-11-29 15:56

Oman desalination project improves GS E&C's global presence

Oman desalination project improves GS E&C's global presence

GS Engineering & Construction is bolstering its presence in the global market, as its Spanish subsidiary has clinched a 2.3 trillion won ($2.1 billion) desalination project in Oman.

Nam Hyun-woo | 2020-11-26 16:17

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