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Concerns are growing among small- and medium-sized construction firms in Korea, after the government announced earlier this month that it will not authorize the completion of newly built apartments if inter-floor noise levels fail to meet accepted standards, according to industry officials, Thursday.
New plan sets out vision to boost the safe use of sustainable UK timber in construction and increase domestic supply.
President Yoon Suk Yeol carried out a partial Cabinet reshuffle Monday, replacing the finance minister with one of his senior secretaries and naming five other people to ministeria...
Four out of 10 construction companies are unable to make loan repayments to banks, according to the industry researcher, Tuesday.
Public distrust of domestic builders has been growing recently, as faulty construction methods have caused repeated collapses in apartment construction sites, according to industry officials, Monday. Earlier this month, a government investigation revealed that GS E&C's omission of rebar in multiple pillars was the main reason behind a collapse in an underground parking garage of an apartment complex under construction in Incheon, April 29.