Korea Joongang Daily
Korea JoongAng Daily

North Korea ramps up implementation of regional development policy in 3rd year of project

North Korea has been accelerating the implementation of leader Kim Jong-un's signature regional development policy in the third year of the construction project, as it broke ground for building regional facilities earlier this week.

2026-02-04

Nuclear power plant construction back on, as Lee administration restarts plans for new reactors

The Lee Jae Myung administration is going forward with the construction of two new nuclear power plants that had earlier been put on hold for a public consensus process. It is now facing criticism for wasting time under the pretext of deliberation.

2026-01-26

North's Kim visits war memorial construction site amid Lee-Xi summit

North Korean leader Kim Jong-un visited the construction site of a war memorial in Pyongyang on Monday, accompanied by his daughter, Kim Ju-ae, to honor North Korean troops killed while deployed in the Russia-Ukraine war.

2026-01-06

HD Construction Equipment launches after merger of Korea’s two largest machinery firms

HD Construction Equipment officially launched on Thursday following the merger of HD Hyundai’s two construction machinery units, setting a goal to nearly double sales to 14.8 trillion won by 2030.

2026-01-01

FTC slaps fines on 3 construction firms, CJ for unfair trading

The Fair Trade Commission (FTC) said Wednesday it has imposed fines totaling 93.5 billion won ($64.8 million) on three construction companies and CJ Group for illegal inter-subsidiary transactions.

2025-12-31

Business sentiment for January pessimistic over slump in construction, steel sectors: Poll

Korea's business sentiment remains pessimistic for January amid a lingering slump in the construction and steel industries, a poll showed Monday.

2025-12-29

Rising number of firms in financial distress, especially in real estate

A growing number of companies, especially those in the real estate business, are increasingly seeking court-led rehabilitation or financial restructuring, as prolonged market stagnation and high interest rates reveal vulnerabilitiess.

2025-12-17

Several workers trapped after collapse at Gwangju construction site

A steel structure collapsed at the construction site of the City Main Library Gwangju in Chipyeong-dong, Seo District, Gwangju, at around 1:58 p.m. on Thursday, trapping several workers.

2025-12-11

Korea's industrial output declines in October as chipmaking, construction slide

Korea's industrial output declined in October after a one-month rebound, with steep drops in chipmaking and construction offsetting a pickup in private spending.

2025-11-28

North Korea's Kim inspects construction site of greenhouse farm in Sinuiju

North Korean leader Kim Jong-un has inspected the construction site of a greenhouse farm in Sinuiju, state media reported Thursday, as the North has been pushing for implementing regional development projects.

2025-11-27