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Biz & Tech

Construction

Mon, September 16, 2019 | 23:35

Lotte E&C's 60th anniversary

Lotte Engineering & Construction (E&C) CEO Ha Suk-joo speaks during a ceremony marking the builder's 60th anniversary at Lotte Hotel World in Jamsil, southeastern Seoul, Friday. Ha pledged the company will make every effort to ensure the company will continue for centuries. Courtesy of Lotte E&C

Nam Hyun-woo | 2019-09-06 17:33

Samsung C&T invests more to finance CSR activities abroad

Samsung C&T will invest more in its corporate social responsibility (CSR) activities both at home and overseas, the company said Monday.

Kwak Yeon-soo | 2019-09-03 20:46

Hyundai E&C to begin sale of luxury studio apartment in Ansan

Hyundai E&C said Thursday it will begin the sale of homes at a luxury studio apartment complex to be built in Ansan, Gyeonggi Province, starting next month. It will be the first of its kind in the city bearing the name of Hyundai E&C's luxury home brand Hill State.

2019-08-30 15:41

3 Indonesians try to stop Doosan power plant project in their country

Indonesians are seeking a court injunction in Korea to stop the planned construction in their country of coal-fired power plants “exported” by Korea. After signing a contract with PT Indo Raya Tenaga (Indonesia Power), an electricity producer, in March, Doosan Heavy Industries & Construction, a major Korean builder, is set to start construction of two 1,000 megawatt (MW) plan...

Jung Min-ho | 2019-08-29 14:03

KCC pays owners more despite losses

KCC is in the hot seat for sharply increasing wages for its CEO Chung Mong-jin and President Chung Mong-Ik, despite its worsening bottom line amid the sluggish housing market, according to industry officials Sunday.

Nam Hyun-woo | 2019-08-25 18:45

Daelim fined 735 mil. won for unfair subcontracting practices

Korea's antitrust agency imposed a 735 million won ($608,194) fine on Daelim Industrial for violation of a subcontracting law as the construction company made late payments and didn't pay its subcontractors a penalty interest.

Baek Byung-yeul | 2019-08-18 17:03

Gov't to place price cap on new apartments in Seoul, Gyeonggi Province

The government has decided to place a price cap on new apartments built on private sites in Seoul and some cities in Gyeonggi Province as part of its efforts to curb soaring housing prices, according to the land ministry Monday.

Nam Hyun-woo | 2019-08-12 17:06

SK E&C uses recyclables to showcase model home

SK E&C opened a building showcasing model homes which uses recycled materials and virtual reality technology to create social value and generate interest from house hunters, the builder said Sunday.

Nam Hyun-woo | 2019-07-28 17:22

Builders alarmed by suspended sea sand harvest

Korea's sea sand harvest has been halted so far this year due to fishermen's strong opposition, dealing a heavy blow to small and midsize ready-mixed concrete firms and builders, according to industry officials, Friday.

Nam Hyun-woo | 2019-07-07 16:32

KCC reeling from Momentive takeover

KCC's financial troubles have been worsening since the acquisition of U.S. silicone maker Momentive Performance Materials as the company borrowed excessively to finance the 3.5 trillion won ($3 billion) deal, according to industry analysts, Thursday.

Nam Hyun-woo | 2019-05-16 16:23

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