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GS E&C ordered to halt operations for 9 months over construction site collapse

GS E&C will file lawsuits to nullify up to 10 months of business suspension orders, which were imposed as penalties for the collapse of a parking garage last April at an apartment complex under construction in Incheon, the company said Thursday.

Seoul , Soult-ukpyolsi , South-korea , Incheon , Inch-on-gwangyoksi , Gwangju , Kwangju-gwangyoksi , Seoul-city , Ministry-of-land , Hyundai-development-company , Seoul-metropolitan-government

Hyundai E&C's Hillstate Tops 2023 Best Apartment Brand Rankings

Hyundai E&C's Hillstate Tops 2023 Best Apartment Brand Rankings
koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.

Seoul , Soult-ukpyolsi , South-korea , Lynn-woomi , Lotte-castle , Raemian-samsung , Forena-hanwha , Prugio-daewoo , Hankook-research , Hyundai-development-company , Best-apartment-brand , Korea-bizwire

'Boneless' apartment scandal may hamper Korea's overseas construction boom

The government's recent disclosure of poorly built underground parking garages at apartment complexes nationwide has not only sparked fears about the safety of Korea's housing construction, but also caused concerns over a potential setback in Korea's ambitious plan to win $50 billion in overseas construction orders every year until 2027, industry experts said Wednesday.

Gwangju , Kwangju-gwangyoksi , South-korea , Incheon , Inch-on-gwangyoksi , Korea , Hyosung-heavy-industries , Korea-land-housing-corp , Hyundai-development-company , Choe-myeong-ki , Industrial-field-professors

Hyundai Development Company, Out of The Top 10 in the 2023 Construction Capacity Evaluation

In the 2023 construction capability evaluation, Samsung C&T and Hyundai Engineering & Construction remained firmly entrenched in the 2023 rankings, ta

Seoul , Soult-ukpyolsi , South-korea , News-agency , Hyundai-development-company , Ministry-of-land , Hyundai-engineering , Hoban-construction , Capacity-evaluation- , Soon-ki-lee , Eui-youn-jung

Hyundai Development Q2 net profit down 75.4% to $13 mil.

Hyundai Development on Wednesday reported its second-quarter net profit of 16.6 billion won ($13 million), down 75.4 percent from a year earlier.

Seoul , Soult-ukpyolsi , South-korea , Yongsan , Cholla-namdo , Hyundai-development-company , Hyundai-development-on , Hdc-hyundai-development-company , Development-company , Hyundai-development , 2

GS faces stock, ratings fall amid construction scandal

GS Engineering & Construction (GS E&C) is forecast to suffer an additional fall in its stock price and credit ratings, hit hard by its involvement in a series of construction fraud scandals. According to data from the Korea Exchange, GS E&C shares extended a sharp decline of around 26 percent this month alone.

Gwangju , Kwangju-gwangyoksi , South-korea , Seoul , Soult-ukpyolsi , Incheon , Inch-on-gwangyoksi , Korea , Investors-service , Hyundai-development-company , Korea-investors-service

Major Korean builders face credibility crisis in wake of accidents

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.

South-korea , Incheon , Inch-on-gwangyoksi , Seoul , Soult-ukpyolsi , Gwangju , Kwangju-gwangyoksi , Korea , Godeok-lotte-castle-beneluce , Lee-eun-hyung , Hyundai-development-company , Ministry-of-land

Mumbai Coastal Road Project: India's First-Ever Undersea Twin Tunnels Near Completion, Set To Open In November

Mumbai Coastal Road Project: India's First-Ever Undersea Twin Tunnels Near Completion, Set To Open In November
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Bandra , Maharashtra , India , Marine-lines , Hindustan , India-general- , Malabar-hill , Mumbai , Arabian-sea , China , Kandivli , Girgaon-chowpatty

GS E&C saddled with most apartment defects among major builders

GS E&C was found to have been embroiled in conflicts most frequently among the nation's 10 largest builders over the past three years regarding defects in apartment buildings they built, according to land ministry data, Monday. Data given by the Ministry of Land, Infrastructure and Transport to Rep. Heo Jong-sik of the main opposition Democratic Party of Korea showed that the ministry was asked between 2020 and 2022 to review 573 cases related to defects in apartment buildings constructed by GS E&C.

South-korea , Seoul , Soult-ukpyolsi , Korea , Heo-jong-sik , Hyundai-development-company , Democratic-party-of-korea , Ministry-of-land , Seoul-station-central-xi-apartment , Democratic-party , Development-company

Mumbai Coastal Road Project: Marine Drive - Worli Section To Be Ready By November

Mumbai Coastal Road Project: Marine Drive - Worli Section To Be Ready By November
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

Hindustan , India-general- , India , Marine-lines , Maharashtra , Mumbai , Sewri , Malabar-hill , Bandra , Kandivli , Chhoti-chowpatty , Vijay-zore