The issue of vacant commercial properties is intensifying nationwide. Even areas that were considered bustling, such as university districts and city halls, are struggling with vacancy problems. One in ten commercial properties across the country is currently empty. The analysis suggests that the in...
The Ministry of Land, Infrastructure and Transport announced on the 17th that it will establish and operate a 'Construction Accident Investigation Committee' to identify the cause of the collapse during the construction of the Shin Ansan Line on the 11th and to implement measures to prevent recurren...
Kumho Engineering & Construction announced on the 17th that it will temporarily open the "Year-Jak Bridge," connecting Ho Chi Minh City and Dong Nai Province, ahead of schedule. The temporary opening event will be held at the end of this month. Construction of the Year-Jak Bridge, which began in Sep...
Samsung C&T's construction division announced on the 17th that it will showcase various brand experience programs and upcycled goods with the new seasonal exhibition this year at the Raemian Gallery in Munjeong-dong, Songpa-gu, Seoul. Raemian Gallery introduced annual seasonal exhibitions starting i...
The expiration of the special law to support victims of charter fraud will be extended by two years. Just 45 days before the law was set to expire, both ruling and opposition parties agreed to the extension of the bill. On the morning of the 16th, the National Assembly's Land, Infrastructure and Tra...
The Ministry of Land, Infrastructure and Transport announced on the 16th that it will send a bid support team, led by Minister Park Sang-woo, to the United Arab Emirates (UAE) from the 16th to the 19th to actively engage in bidding activities for various infrastructure projects, including high-speed...
The Korea Land and Housing Corporation (LH) noted on the 16th that it plans to create 'air-purifying urban forests' to contribute to the reduction of fine dust and fire prevention. 'Air-purifying urban forests' are forests established in urban living areas for the purpose of air purification, utiliz...
Recently, large movie theaters have been coming onto the market, particularly in rural areas. With a decline in rural populations and the expansion of online video (OTT) services, the formula that buildings housing large theaters could generate stable revenue has been broken. According to Real Estat...
Minister Park Sang-woo visited the construction site of the Gimpo-Paju Han River Tunnel on the morning of the 15th to check the progress of the work and confirm safety measures and the status of safety management using advanced technology. Minister Park noted, "The Han River Tunnel is the first road...
The Gangnam District (Gangnam, Seocho, and Songpa) and Yongsan District in Seoul will apply a one-year deadline for existing homeowners to dispose of their dwellings when conducting transactions in land transaction permission zones. The method of disposing of existing dwellings will also be allowed ...
