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Construction > Road
Samsung C&T became the exclusive contractor for UIC Investments Pte. Ltd’s UIC Redevelopment project with which it signed a contract worth $266 million, the company said on May 17. UIC Redevelopment project involves demolition of a 40-story office building that was completed in 1973 and the con…
The Ministry of Land, Transport and Maritime Affairs (MLTM) said Korea’ s total length of highways across the country was extended by 105,931 km last year, up 0.3 percent compared to the previous year.The total highway extension came to only 10 percent of that in Japan at 1,278,670 km and 2 percent…
This map shows highways, which are being built, all leading toward sports venues of the 2018 Olympics in PyeongChang, Gangwon Province. A total of 15 highways are being built, both previously-planned and newly-planned ones, all leading toward Pyeongchang, Gangwon Province, the venue of the 2018…
Korea Expressway Corp. (KEC) said it will execute 60 percent of its 3.2 trillion won budget for construction and expansion of highways around the country in the first half of this year aimed at saving 1.5 trillion won in logistics expenses nationwide and creating 60,000 jobs.The highway construction…
 Korea Expressway Corp. (KEC) said it will execute 60 percent of its 3.2 trillion won budget for construction and expansion of highways around the country in the first half of this year aimed at saving 1.5 trillion won in logistics expensesnationwide and creating 60,000 jobs.The highway constru…
The Mokpo-Gwangyang Highway in South Jeolla Province is expected to open in April after 10 years of construction of the 106.8 km long highway.Kwon Hyuk, head of the Mokpo-Gwangyang Construction Site of the Korea Expressway Corp., said the Mokpo-Gwangyang Expressway(106.8 km) now under construction w…
Economy/Finance
Dir. Gen. Kim Yoon-kyung of the International Financial Cooperation Bureau at the Ministry of Strategy and Finance (MOSF). (Photo: MOSF) Deputy Prime Minister Yoo will deliver a speech at an opening session of the Board of Governors in which he is e…
Gov. Lee Ju-yeol of the Bank of Korea. Gov. Lee Ju-yeol of the Bank of Korea cautioned that increases in exports due to optimistic economic views across the country cannot be sustainable due the protectionist sentiments in some major importer countr…
Chairman Lee Dong-geol of Korea Development Bank Group.(Photo: KDB) Korea Development Bank (KDB) has been at the forefront of ushering in the 4th Industrial Revolution by helping build a new “growth intelligence system” and strengthen financial lo…
President Gwak Bum-gook of Korea Deposit Insurance Corp. Korea Deposit Insurance Corp. (KDIC) paid 504 million won to compensate an informer to locate hidden assets of a savings bank, which is the largest ever amount paid by the company since its es…


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