Dev·Sales
95-Year-Old Filipino Korean War Veteran Sings "Arirang"... HanmiGlobal Supports Home Renovation
HanmiGlobal, a company specializing in construction project management (PM), announced on November 14 that, together with the social welfare foundation Warm Companion, it had rebuilt and completed new homes for two Korean War veterans in Calamba City, Laguna Province, Philippines, and held a completion ceremony. Over 200 people, including officials from the Republic of Korea Army and local residents, attended the event. One of the veterans who received a new home, Mr. Florendo Benedicto (95), participated in major battles such as the Battle of Yultong during the Korean War. He expressed his deep gratitude by saying, "I sincerely thank the Republic of Korea for not forgetting us even after 70 years," and sang "Arirang" at the ceremony, showing his deep affection. Another beneficiary, Mr. Luis Lasco (94), sadly passed away earlier this year before the completion of the house. His family conveyed their appreciation, saying, "We thank you on behalf of our father, who spoke about Korea thro
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Solaseado to Host 'AI Heart'... BS Industry and KEPCO KDN Sign Data Center Construction Agreement
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Korea Real Estate Development Association to Announce Future Vision at 20th Anniversary Ceremony on the 20th
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Lotte Engineering & Construction Completes Massive Petrochemical Complex in Indonesia... First Naphtha Cracking Center in the Country Begins Operation
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[Report] "Gimpo's Last Prime Spot" Avoids October 15 Regulations... 25,000 Flocked to Model House Over the Weekend [Real Estate AtoZ]
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Last-Minute Talks on Separate Taxation of Dividend Income: "Leaving Out Top-Performer REITs Undermines Policy Goals" [Real Estate AtoZ]
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Daewoo E&C Places Nuclear Power Division Under CEO; Establishes AI Strategy Team
Hyundai E&C Wins Three Smart Construction Innovation Awards
Hyundai Engineering & Construction announced on the 7th that it received the Grand Prize for Innovation in both the Building Information Modeling (BIM) and railway categories at the 2025 Smart Construction Challenge awards ceremony. Including the innovation award received in the residential complex and housing category, the company won a total of three awards. This awards ceremony is an event hosted by the Ministry of Land, Infrastructure and Transport and the Construction Companion Committee to promote and spread smart construction technologies. Awards are given in five categories: BIM, railway, residential complex and housing, roads, and safety management. The AI-based pre-construction (pre-con) solution, which won the BIM category award, is a technology that links pre-construction data at the design stage to refine processes and quantities. It was proposed through a consortium with ITM Architects, BimsOnTop Engineering, and Gachon University. The company explained that its safety ma
Sadang District 12 in Dongjak-gu to Be Redeveloped into 642-Unit Apartment Complex
Dongjak-gu, Seoul (Mayor Park Ilha), announced on November 7 that the “Sadang District 12 Housing Redevelopment Project,” which aims to transform the old low-rise residential area in Sadang-dong into a residential complex that balances public interest and business feasibility, has passed the review of the Seoul City Urban Planning Committee’s delegated subcommittee.As a result of the review held on November 3, the “Sadang District 12 Redevelopment Plan Decision and Redevelopment Area Designation (Draft)” was approved with modifications. The area around 288 Sadang-dong will be upgraded from a Type 1 to a Type 2 General Residential Zone and will be subject to a floor area ratio of 249.95%. Accordingly, a new apartment complex with a total of 642 units, including 115 rental units, is expected to be built. The district will also improve local transportation conditions alongside the redevelopment project. Two roads, Sadang-ro 14-gil and Sadang-ro 16ma-gil, will be widened, and a new public
Ministry of Land, Infrastructure and Transport: "Gyeongui-Jungang Line Trains Pass Yongsan Station Without Stopping... Freight Train Derailed"
A freight train car derailed within the premises of Yongsan Station in Seoul. According to the Ministry of Land, Infrastructure and Transport, at approximately 3:08 p.m. on November 6, a freight train departed from Susaek Station in Eunpyeong-gu, Seoul, and at around 3:36 p.m., one freight car derailed while entering a siding track at Yongsan Station. As of 5:00 p.m. on the same day, there were no reported casualties. The Ministry is currently investigating the extent of damage to the tracks and surrounding facilities. Due to this incident, downbound Gyeongui-Jungang Line commuter trains (toward Cheongnyangni) are passing through Yongsan Station without stopping, while upbound trains are operating as usual. ITX trains on the Gyeongchun Line have suspended operations between Yongsan and Cheongnyangni, but trains bound for Chuncheon are running normally from Cheongnyangni Station. KTX and regular trains on the Gyeongbu Line are operating as usual. The Ministry of Land, Infrastructure an
DL E&C's Q3 Operating Profit Jumps 40% to 116.8 Billion Won
DL E&C announced on the 6th that its consolidated operating profit for the third quarter of this year was 116.8 billion won, a 40.1% increase compared to the same period last year. During the same period, net profit rose by 179% to 126.3 billion won. However, revenue decreased by 0.6% to 1.907 trillion won. The operating margin stood at 6.1%, up 1.8 percentage points from the same period last year. New orders in the third quarter totaled 3.0167 trillion won.
New Apartment in Just 2 Years Without Moving... Hyundai E&C Unveils 'Secret Weapon' [Real Estate AtoZ]
Hyundai Engineering & Construction has unveiled its new large-scale renovation business, "The New House," which transforms aging apartment complexes into near-new condition without requiring residents to relocate. This is the world's first "non-relocation renewal" model, distinct from conventional reconstruction or remodeling. The company is targeting older complexes with high existing floor area ratios, where reconstruction is less feasible. "A New Era: Transforming While Living" At a media showcase event held at The H Gallery in Gangnam-gu, Seoul, on November 6, Hyundai Engineering & Construction introduced "The New House" as "an innovative residential improvement solution based on the principle of residential continuity." This business originated from the question, "Is it possible to upgrade my living space to be as good as new while still residing in it?" Lee Inki, Head of the Housing Business Division at Hyundai Engineering & Construction, stated, "We aimed to enhance the value of
BS Hanyang to Launch First Residential Project in Cheongju as Prospective Builder for 921-Unit Private Rental Apartment Complex
On November 5, BS Hanyang announced that it will participate as the prospective builder for the "Cheongju Honggol Pre-Recruitment Type Private Rental Housing Project" in Gagyeong-dong, Heungdeok-gu, Cheongju, Chungbuk. This marks BS Hanyang’s first residential project in Cheongju. This project is part of a private park special project promoted by Honggol Park Development Co., Ltd. It will construct 921 long-term private rental apartments in seven buildings, ranging from three basement floors to 29 above-ground floors, on non-park land. The apartments will be operated as rentals for 10 years and then converted to sales units. The complex will be located in Gagyeong-dong, an area known for its excellent transportation and educational infrastructure. A large park of approximately 132,000 square meters will be established nearby, making the site highly valued as a "forest-side" location where residents can conveniently access the park right in front of the complex. All units will be offer
Daewoo Engineering & Construction Selected as Contractor for Yuwonjeil 2nd Apartment Redevelopment in Dangsan, Seoul
Daewoo Engineering & Construction announced on November 4 that it has won the contract for the redevelopment of the Yuwonjeil 2nd Apartment complex in Dangsan-dong, Yeongdeungpo-gu, Seoul. The project involves constructing seven buildings with three basement levels and up to 47 above-ground floors, totaling 703 residential units and various community facilities. The construction cost is 370.2 billion won. The site is located near Dangsan Station, which serves subway lines 2 and 9, and is adjacent to the Han River. There are elementary, middle, and high schools in the vicinity. The company has proposed 'Paro Summit 49' as the new name for the apartment complex. 'Paro' means lighthouse in Spanish, and '49' refers to the highest number of floors. The architectural design group Jerde, known for designing Roppongi Hills in Japan, Santa Monica Place in Los Angeles, and the Bellagio Hotel in Las Vegas, will be responsible for the complex's design. Daewoo Engineering & Construction has secured
Yeongdeungpo District Approves Implementation Plan for Hanyang Apartment Reconstruction in Yeouido
Yeongdeungpo District in Seoul (District Mayor Choi Hokwon) announced on November 4 that it has approved the implementation plan for the reconstruction of Hanyang Apartment in Yeouido. With this approval, the aging Hanyang Apartment complex, which was completed in 1975, will be transformed into a high-rise residential complex with a land area of 31,202 square meters, three towers up to 57 stories high, and a total of 992 units. The zoning will be upgraded from Type 3 General Residential Area to General Commercial Area, with a planned floor area ratio of 599.72%.The Hanyang Apartment reconstruction project is considered a representative success story of the private-public partnership fast-track integrated planning initiative. The approval process, which typically took more than 10 years, was significantly shortened, and approval was granted on October 31, just 1 year and 7 months after the maintenance plan was finalized in 2023. Within the reconstructed complex, facilities such as the S
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