News Authorities probe insulation after fire kills six on resort project A fire at a Banyan Tree hotel construction site in the South Korean city of Busan today killed six people and injured 25 more, The Straits Times reports. Around 100…
News Samsung set to install modular reactors in southern Sweden Samsung C&T Engineering & Construction and Swedish energy company Kärnfull Next have signed a preliminary agreement to develop small modular reactor (SMR) projects in Sweden. The two signed a memorandum…
News Korean officials call Czech reactors low-price claim ‘unfounded fake news’ South Korea’s government has dismissed claims from Korean opposition politicians that its bid to build two nuclear reactors in Czechia had been underpriced and that costs would inevitably increase once work began, the Korean Herald reports.
News Daewoo signs strategic cooperation agreement with China State Construction South Korean contractor Daewoo Engineering & Construction said yesterday that it had signed an agreement in principle to team up with China State Construction Engineering Corporation (CSCEC) to bid for…
News Korean food company opens Busan factory as it eyes 6 billion noodle packs a year South Korean food company Nongshim is planning to invest $143m in a “K-Food hub” in the southern city of Busan. The move is part of a drive among the country’s…
News Heatherwick Studio helps design Seoul department store makeover UK designers Heatherwick Studio are working with South Korea’s Haeahn Architecture on a makeover of Hanwha Galleria, a twin-building department store in Seoul’s Gangnam ward of Apgujeong-dong, close to the…
News Korea Hydro enters talks with Czech Republic for two reactors Korea Hydro & Nuclear Power (KHNP) has begun negotiations with the Czech Republic to build at least two full-scale reactors. The company, along with consortium partners Doosan Enerbility and Daewoo…
News Korean team visits Vietnam to pitch for smart city and railway work A team of business people and state officials from South Korea visited Vietnam last week to discuss large-scale projects such as urban development and high-speed rail. South Korea hopes to…
News North Korea to send engineering brigades to rebuild occupied Ukraine: report The government of South Korea believes its neighbour North Korea will send a force of military engineers to do reconstruction work in the Russian occupied Ukrainian oblast of Donetsk as…
News South Korean art centre will mimic the wave of a conductor’s baton A team made up of Denmark’s 3XN and two South Korean designers, Siaplan and MDA, has won a competition for the Chungnam Art Centre in Chungcheongnam-do, South Korea. The curved…
Markets Korean food firms race to build amid global K-food craze South Korean food companies are racing to invest in production facilities to meet growing worldwide demand for its national flavours.
News Heatherwick designs “hyper-physical” park on artificial island in Seoul UK-headquartered architect Heatherwick Studio has won a design competition for Soundscape to create a park on the artificial Nodeul Island on the Han River in the centre of Seoul, South…
News Major new satellite factory breaks ground in South Korea South Korean aerospace and technology company Hanwha Systems has broken ground on a 11,500-sq-m satellite factory on Jeju Island about 100km offshore in the East China Sea. According to The…
News Korean chipmaker to spend $4bn creating ‘silicon heartland’ in US Midwest South Korean chipmaker SK Hynix plans to invest almost $4bn in an advanced packaging, fabrication, and R&D facility for AI chips at Purdue University in Indiana. Its chief executive Kwak…
News ‘Have a baby, get $75k’, Korean developer tells staff The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…
Markets Cambodia asks South Korea for help with $37bn transport masterplan Cambodia has invited South Korea to invest in its $37bn, 10-year programme of infrastructure improvements, the Khmer Times reports.
News World’s highest ferris wheel designed for Seoul An international team of designers has unveiled plans for the world’s tallest, spokeless ferris wheel for Seoul, South Korea. The 180m-diameter “Seoul Twin Eye” takes the form of two intersecting…
News Korean firm wants to build huge eco-tourism resort in Vietnam South Korean construction firm Daewon plans to develop a 280ha eco-tourism and golf resort in the Forest of Hue in central Vietnam. The scheme is awaiting approvals from the government…