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Construction firms grapple with stricter regulations on inter-floor noise

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.

Ex-LH CEO nominated as land minister

Park Sang-woo, the former CEO of the Land and Housing Corporation (LH), has been nominated as the new minister of land, infrastructure and transport, according to the presidential office on Monday. Having joined the ministry in 1983, Park boasts expertise in land and transport policy for decades. He is known to have played a role in shaping housing policies during the Lee Myung-bak and Park Geun-hye administrations. .

Ex-chief of state housing developer LH nominated as land minister

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.

Some 4 in 10 Builders Unable to Service Debts in 2022: Report

Some 4 in 10 Builders Unable to Service Debts in 2022: Report
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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.

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