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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
President Wi Sung-ho of Shinhan Bank. President Wi Sung-ho of Shinhan Bank chose “Clerk’s Capacity” as the keywords for his management plan in the second half, concluding that it is people that make organizations. It’s a signal that open screeni…
President Kim Jae-chun of Korea Housing Finance Corp. (Photo: HF)Korea Housing Finance Corp. said subscribers to the Housing Retirement Fund (JTYK), total 45,371 so far, with this year being the 10th anniversary of the retirement fund program. The su…
Chairman Yoon Jong-kyoo of KB Financial Group KB Financial Group said its first half net profit amounted to 1.8602 trillion won, up 65.5 percent YoY, including 999.01 billion won in Q2 net profit, up 13.8 percent YoY, the financial group said on Jul…
President Kim Do-jin of the Industrial Bank of Korea waves the bank’s flag at a ceremony for the 56th anniversary of IBK on Aug. 1.(Photo: IBK) President Kim Do-jin of the Industrial Bank of Korea (IBK) revealed his management vision, “Companion F…


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