Daewoo E&C's Two-Month Construction Business Suspension Lifted—Court Grants Injunction
Daewoo Engineering & Construction Co. has secured a court injunction suspending a two-month business ban, which would have affected 72.84% of its 2024 revenue, until a final ruling is made on its legal challenge.
Hyundai Motor Co. will resume its Global Business Complex project in Seoul as three 49-story towers, targeting 2031 completion, with public contributions rising to 1.98 trillion won ($1.53 billion) and projected economic impact of 513 trillion won ($395 billion).
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Hyundai Motor’s GBC Project Revamped as Three 49-Story Towers—Construction to Resume with 2031 Completion Target
Hyundai Motor Co. will resume its Global Business Complex project in Seoul as three 49-story towers, targeting 2031 completion, with public contributions rising to 1.98 trillion won ($1.53 billion) and projected economic impact of 513 trillion won ($395 billion).
Minister of Land Kim Yun-deok and Seoul Mayor Oh Se-hoon to Meet on the 13th
South Korea's land minister and Seoul mayor will meet privately on November 13 to discuss housing supply measures, with both sides divided over recent real estate regulations and redevelopment authority.
People Power Party floor leader Song Eon-seok calls for a bipartisan and Seoul City real estate consultative body, criticizing the Lee Jae-myung administration’s housing policies and urging swift supply expansion to address housing shortages for young and low-income citizens.
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Song Eon-seok Proposes Bipartisan and Seoul City Real Estate Consultative Body—Calls for Supply Expansion Talks
People Power Party floor leader Song Eon-seok calls for a bipartisan and Seoul City real estate consultative body, criticizing the Lee Jae-myung administration’s housing policies and urging swift supply expansion to address housing shortages for young and low-income citizens.
Government and Seoul City at Odds Over Housing Supply Solutions—Public vs Private Sector Approaches
South Korea's government and Seoul City are at odds over urban housing supply, with public-led and private-led strategies fueling debate over policy coordination and market impact.
South Korea will expand the authority to designate land transaction permit zones to the Minister of Land, Infrastructure and Transport, enabling preemptive intervention in overheated real estate markets before speculative activity spreads.
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Land Transaction Permit Zone Designation Authority Expanded to Minister of Land—Preemptive Response to Market Overheating
South Korea will expand the authority to designate land transaction permit zones to the Minister of Land, Infrastructure and Transport, enabling preemptive intervention in overheated real estate markets before speculative activity spreads.
Hyundai Department Store Apgujeong Main Branch to Pursue New Construction in Line with Redevelopment
Hyundai Department Store Co. seeks a zoning change to enable new construction of its Apgujeong Main Branch, aligning with major apartment redevelopment in Seoul's Apgujeong area.
Baek Il-heon, Former Head of Seoul Human Resources Development Institute, Appointed as Managing Director of Korea Local Government Officials’ Mutual Aid Association
Baek Il-heon, former head of Seoul's Human Resources Development Institute, has been appointed Managing Director of the Korea Local Government Officials’ Mutual Aid Association for a three-year term through May 2028.
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