Building, Construction Compo

Korea's land prices rise 1.25% in H1

South Korea’s land prices continued to grow in the first half of the year, government data showed Wednesday, amid a residential building construction boom partly created by a series of government measures aimed at boosting the property market. In the six months ended June 30, land prices gained 1.25 percent from six months earlier, accelerating from a 1.07 percent increase over the same period last year, according to the Ministry of Land, Infrastructure and Transport. The tally marks the steepest rise [...]

Doosan Heavy bags W220b deal

[THE INVESTOR] Korea’s top power equipment maker Doosan Heavy Industries & Construction said on June 27 that it has bagged a 220 billion-won (US$185 million) deal to build a desalination plant in Iran. Under the deal with the Iran-based Sazeh Sazan, the firm will construct the facility by October 2018. The Korean company will also do operating and maintenance work for 12 years. Doosan Heavy’s deal marks the first for a desalination plant in the Islamic republic after international sanctions on [...]

Drop in Korea's exports to China extends to record streak in May

South Korea’s exports to China continued to shrink from a year earlier in May, tying the record streak of 11 months of decrease, industry data showed Thursday. Outbound shipments to China came to US$9.93 billion won last month, down 9.1 percent from the same month last year, according to the data from the Korea International Trade Association. The decline apparently contributed to a 6 percent on-year drop in the country’s overall exports. China by far is the world’s single largest importer [...]

Overseas orders of Korean construction firms hit four-year low

Overseas orders won by South Korean construction companies fell to the lowest in four years, a trade association said Tuesday, in the latest sign that local builders are reeling from the impact of low oil prices. The combined overseas orders came to $14.1 billion between January and the second week of June according to data compiled by the International Contractors Association of Korea. The figures represent a 40 percent decline from $23.5 billion in the same period last year. Overseas orders [...]

LH to sell Niblo Barracks

Korea Land & Housing Corp plans to sell apartment buildings and land in Hanam-dong, Seoul. The state-run LH housing developer will put out a notice on March 30 for the auction of Niblo Barracks, which consists of more than 500 apartments, and 60,677 square-meters of land in the area owned by Korea’s Ministry of National Defense. Potential bidders will need to submit their bids from May 3-4. A preferred bidder will then have to pay in full for the real estate in [...]

Korea's housing market stays upbeat in Q4: report

South Korea’s housing market continued its upside mode in the fourth quarter of last year on the back of a government-led stimulus and low borrowing costs, a report showed Wednesday. Home prices in the country rose an average of 4.4 percent on-year in the October-December period, up from a 4.1 percent on-year gain in the previous quarter, according to a report compiled by the state-run Korea Development Institute (KDI). Seasonally adjusted home prices edged up 0.9 percent from three months earlier. Home [...]

Ssangyong wins Dubai project

Ssangyong Engineering & Construction Co., a South Korean builder, said Wednesday it has clinched $1.6 billion worth of orders to construct a luxury hotel, as well as apartment and office buildings, in Dubai. An artist‘s rendering shows the 47-story hotel named Dubai Royal Atlantis. (Ssangyong E&C). Source:http://www.koreaherald.com/view.php?ud=20151216001122

Practical guidelines for building repair to maximise gains

Given below are solutions for some of the frequently asked questions pertaining to building repairs, corrosion problems, restoration of buildings and structural rehabilitation of buildings. These can provide useful guidance for customers who want to undertake maintenance or repair work of their buildings. Why do buildings show cracks after a few years? Buildings show cracks because of two main reasons and hence there are two types of cracks. First, multi storied buildings are more of dynamic structures rather than static. They go [...]

Korean Society of Civil Engineers

  Founded in the year 1951 Korean Society of Civil Engineers (KSCE) as a non-profit association to serve the members who are working in the various fields of Civil Engineering in Korea. The purpose of the KSCE is to promote and advance the profession of civil engineering and provide better services to the public through member training and education, research and development, technical advice and assistance, and mutual cooperation among the members. The Society also performs projects related to  contracted research and [...]