The international community has stepped up to support Myanmar, which was struck by a magnitude 7.7 earthquake. Western nations, including U.S. President Donald Trump, who have previously distanced themselves from Myanmar's military regime, have also promised humanitarian assistance. On the 28th (loc...
Elon Musk, the chief executive officer (CEO) of Tesla, announced that he will sell the social media platform X (formerly Twitter), which he acquired in 2022, to his artificial intelligence (AI) corporations. Musk noted on the 28th (local time) on his account that “xAI has acquired X for $33 billion ...
Analysis has shown that the death toll from a magnitude 7.7 earthquake in central Myanmar is likely to exceed 10,000, with a probability of over 70%. The United States Geological Survey (USGS) stated in a report updated at 12:50 a.m. local time on the 29th in Myanmar that the likelihood of the death...
Next month, the nationwide supply of apartments by mid-sized housing construction companies is estimated to be around 4,400 units. This is expected to decrease by over 40% compared to the same period last year. The Korea Housing Construction Association noted on the 28th that, based on the aggregati...
Real Estate 114 will be absorbed and merged into HDC LABS of the HDC Group next month. HDC LABS is a general management corporation in construction and real estate, wholly owned by HDC, the holding company of HDC Group, and its major shareholders, Chairman Chung Mong-kyu of HDC Group. Established in...
The Seoul Metropolitan Government has begun organizational improvements to enhance the expertise of its real estate policies. This comes as a measure in response to the confusion caused by the re-designation of land transaction permission zones after their removal. On the afternoon of the 27th, the ...
The announcement of the reassignment of the land transaction permission area in Seoul has shown that the rising trend of apartment prices in Seoul has been broken. After the removal of the permission area last month, Songpa District in Seoul turned to a decline. According to the results of the natio...
The Ministry of Land, Infrastructure and Transport is pursuing a plan to utilize artificial intelligence (AI) technology to eradicate illegal subcontracting at construction sites. The goal is to monitor and crackdown on illegal subcontracting occurrences in construction sites where hundreds of thous...
IS Dongseo held its 50th regular shareholders' meeting at its headquarters in Nonhyeon-dong, Gangnam-gu, Seoul, on the 27th and confirmed a cash dividend of 1,000 won per common share. At the shareholders' meeting, five proposals were approved as originally drafted: ▲ approval of financial statement...
The Ministry of Land, Infrastructure and Transport announced on the 27th that it will publicly announce a revision of the 'Enforcement Decree of the National Land Planning and Utilization Act,' which allows the general public to build single-family homes in agricultural areas and expands the buildin...
