Korean Minister of Land, Infrastructure and Transport pledges increased support for Ukraine’s reconstruction project
Minister of Land, Infrastructure and Transport Won Hee-ryong has expressed strong support for Ukraine’s reconstruction project. Speaking at the Global Infrastructure Cooperation Conference (GICC) held in Seoul on the 19th, Minister Won announced that the Korean government is planning to significantly increase its budget for aid to Ukraine’s reconstruction efforts and official development assistance (ODA) […]
The Construction Industry Anticipates Government Measures to Revive Real Estate Supply
The upcoming real estate supply measures announced by the government have caught the attention of the construction industry. Construction companies are facing challenges such as high construction costs, a tight capital market, and a downturn in the construction economy, primarily due to the continuous increase in material prices since last year. The industry is hopeful […]
Residents of Uiseong-gun Rally for Joint Agreement Implementation of New Integrated Airport
Revamp of Text: On the 31st, residents of Uiseong-gun in Gyeongsangbuk-do gathered at the Bian Manse Center in Bian-myeon, Uiseong-gun, to stage a rally, demanding the timely implementation of the agreement for the new integrated airport. The protest stemmed from the release of a draft suggesting the construction of a cargo terminal in Gunwi-gun, Daegu […]
Government and Hyundai E&C Sign Concession Agreement for Construction of GTX-C Line, Targeting Construction Start within the Year
Hyundai E&C and the government have recently reached a concession agreement for the construction of the GTX-C line in the metropolitan area. However, the project has faced several delays due to objections, leaving doubts about whether construction can commence within the targeted timeframe. MBC News reporter Jeong Dong-wook provides the latest updates on this matter. […]
Minister of Land, Infrastructure and Transport Orders Complete Halt to Contracting Services with Former Companies
Minister Wins Hee-ryong Takes Drastic Measures to Address Corruption Scandal at Korea Land and Housing Corporation SEOUL – The Minister of Land, Infrastructure and Transport, Wins Hee-ryong, has made a bold move to combat corruption at the Korea Land and Housing Corporation (LH). On October 15th, Minister Wins ordered LH to immediately halt all contracting […]
Ministry of Strategy and Finance Approves Feasibility of Daegu K-2 Military Airport Relocation Project: A Major Step Towards Regional Development and National Security
Ministry of Strategy and Finance Approves Daegu K-2 Military Airport Relocation Project On the 14th, the Ministry of Strategy and Finance inaugurated the National Property Policy Discussion Committee and successfully finalized the business plan. This marks the official recognition of the business feasibility of the Daegu K-2 Military Airport Relocation Project, a project that has […]
Vice Minister Baek Won-guk Visits Suseo Station Construction Site to Ensure Progress and Safety Management
Vice Minister of Transport Visits Suseo Station Construction Site for Safety Check On the afternoon of the 3rd, Vice Minister Baek Won-guk of the Ministry of Land, Infrastructure and Transport made a visit to the construction site of Suseo Station on the Metropolitan Rapid Transit (GTX) Line. The purpose of the visit was to assess […]
1. “Seoul Mayor Urges Construction Companies to Document Construction Process in Response to Safety Concerns” 2. “Conflict Escalates Between Seoul Metropolitan Government and Apgujeong District 3 Reconstruction Association” 3. “Yongsan’s Regulated Area Sees First Sale of the Year with Potential Market Profit of 1 Billion”
Seoul Mayor Calls for Construction Companies to Record Construction Process Construction companies urged to participate in video record management to restore trust Following Seoul Mayor Oh Se-hoon’s order to “control video records of the construction process” in order to prevent poor construction of apartments, construction companies are continuing to participate in the initiative. During an […]
Seoul Metropolitan Government and Ministry of Land, Infrastructure and Transport Provide Support for Semi-Basement Residents to Move to Ground Floor
Seoul Metropolitan Government and Ministry of Land, Infrastructure and Transport Collaborate to Assist Semi-Basement Residents in Relocating to Ground Floor Seoul, South Korea – The Seoul Metropolitan Government and the Ministry of Land, Infrastructure and Transport have recently joined forces to provide assistance to residents living in semi-basement housing. Acknowledging the challenges faced by these […]
1. “GS E&C to Rebuild Geomdan New Town at a Cost of 550 Billion Won, LH Consultation Needed” 2. “Devastated Residents as Yangpyeong Expressway Development Project Halted” 3. “21 Years of Waiting: Subscription for Subunsa Water Protection Exhausts Residents”
GS E&C Plans to Rebuild Apartment Complex in Geomdan New Town, Incheon GS E&C, a construction company, has announced its plan to completely rebuild an apartment complex in Geomdan New Town, Incheon where an underground parking lot collapsed. The estimated cost for this reconstruction is 550 billion won, which will be reflected in the company’s […]
