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Biz & Tech

Construction

Wed, April 21, 2021 | 05:08

Hyundai Engineering's planned IPO raises hopes for undervalued builders

The planned initial public offering (IPO) of Hyundai Engineering is raising hopes among other unlisted construction companies who could not list on the markets due to a lack of interest among investors. The listing of the plant engineering arm of Hyundai Motor Group is expected to be finalized by the third quarter at the earliest.

2021-04-20 16:01

Hyundai E&C to begin sales of Hillstate Dalseong Park Station apartments

Hyundai Engineering and Construction (E&C) has begun sales of residential and office units at Hillstate Dalseong Park Station apartment complex in Daegu, 300 kilometers southeast of Seoul, the construction company said Tuesday.

2021-03-30 16:41

POSCO E&C to start pre-sales of 'The Sharp' brand apartment in Geoje

POSCO Engineering & Construction (POSCO E&C) will start pre-sales of its The Sharp apartment brand in Geoje, South Gyeongsang Province, this month.

2021-03-17 16:49

Drilling rigs emerge as risk for Korean shipbuilders

Shipbuilders here are facing problems with several drilling rig deals they made due to a slide in oil prices since 2015 that has led to a string of cancellations affecting companies that have heavily relied on the construction of such offshore vessels.

2021-03-08 16:30

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

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.

2021-02-16 16:19

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.

2021-01-25 18:00

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.

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.

2021-01-11 16:32

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.

2021-01-07 09:32

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