In order not to be the “fool in the shower” by flip-flopping between hot and cold water, authorities must steer the policy well so that it does not cause any unwanted side effects in the volatile housing market.
President Yoon Suk Yeol said guidelines for selecting redevelopment projects, which currently gauge safety risks, must change to prioritize housing depreciation to prevent residents' living conditions from deteriorating.
Korea Airports Corporation and Hyundai Engineering & Construction sign $983 million agreement to reconstruct and expand Kyiv International Airport.
The Korean government will increase the budget for Ukrainian reconstruction support in the upcoming year, along with a boost to the overall Official Development Assistance (ODA) budget.
Korean Minister of Land, Infrastructure, and Transport Won Hee-ryong visited Ukraine with a team of state-backed institutions and private businesses to agree on six reconstruction projects in the war-ravaged country.
Dozens of major Korean corporations in the construction, tech and financial sectors are looking to participate in reconstruction projects in war-ravaged Ukraine, an urban redevelopment initiative estimated to cost 2,000 trillion won ($1.58 trillion).
Korean companies will participate in reconstruction projects in war-ravaged Ukraine as the Korean government is pledging broad cooperation with the country in rebuilding destroyed cities.
Seoul’s skyline is set to rise higher as residents push to have their buildings demolished and taller buildings put in their place.
The redevelopment of Sibeom Apartments, the oldest apartment complex in Yeouido, western Seoul, has been approved by the Seoul city government, according to officials on Monday.
Korea JoongAng Daily Sitemap