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Articles by Son Dongwoo
Maeil Business Newspaper Korea's No. 1 Economic Media
A bird's eye view of 'Yongin Semiconductor Cluster Dongil Highville Park Valley' <Photo = Dongil Construction> Apartments located near semiconductor industrial complexes are also gaining popularity in the pre-sale market. This is because Samsung Electronics and SK Hynix continue to make large-scale investments, and demand for residential complexes behind them is increasing as companies and populations flow in together.
Maeil Business Newspaper Korea's No. 1 Economic Media
Although the government is expanding existing public-led urban complex development projects to the private sector, on-site confusion is growing as the core entry requirements, "old age standards," vary greatly from region to region. It is pointed out that even though the project is based on the same law, the ratio of old buildings by local governments differs by up to 20 percentage points, making it difficult for operators to find candidate sites and analyze business feasibility.
Maeil Business Newspaper Korea's No. 1 Economic Media
The standard of "national equity," which used to refer to an 84-square-meter apartment in the past, is changing in the sense that it is suitable for a family of four. A few years ago, the standard for apartment selection was 84㎡ with three rooms, but recently, it has moved to "the total amount that can be affordable" and "the monthly repayment burden" rather than "wide." Some argue that the exclusive 59㎡ apartment is now emerging as a national equilibrium.
Maeil Business Newspaper Korea's No. 1 Economic Media
Icheon Humanville Class One perspective drawing <Photo = Ilshin Gunyoung> Ilshin Gunyoung will open a sample house of Icheon Humanville Class One, which will be located in Galsan-dong, Icheon-si, Gyeonggi-do, on the 16th and start selling it in earnest. Icheon Humanville Class One will be built with 536 households, with 2 basement floors and 26 floors above ground.
Maeil Business Newspaper Korea's No. 1 Economic Media
Development company A, which was conducting an officetel development project in the southwestern part of the Seoul metropolitan area in 2024, found that it omitted the mark of the educational environment protection zone in the pre-sale announcement three years ago. The company reported this to local governments and posted the violation and correction on the sales website. However, the local government ordered company A to correct it.
Maeil Business Newspaper Korea's No. 1 Economic Media
Seeking a New Vision for Korea's National Land Strategy The launch of a permanent policy consultative body for industry, academia, research, and government at the National Assembly Library in Yeouido, Seoul, on the 20th Thematic presentation, panel discussion…Revealing the teenage agenda The transition period is approaching to determine the future of Korea's national territory as the "thousands-trillion megaton investment plan" continues, including the five-pole three-special growth strategy,...
Maeil Business Newspaper Korea's No. 1 Economic Media
The expansion of overseas territories of "K Developers" is making progress one after another. This time, the company will launch a condominium development project in Manhattan, New York, which is centered on the U.S. It is the first time in recent years that the domestic developer industry has entered Manhattan. According to the development industry on the 12th, developers HM Group recently concluded a contract for a development project promoted in Tribeca, the center of Manhattan, New York.
Maeil Business Newspaper Korea's No. 1 Economic Media
Participants in the Open Innovation Demo Day are taking commemorative photos. <Photo = Hyundai Engineering & Construction> Hyundai Engineering & Construction will strengthen cooperation with startups to expand the field application of innovative technologies in the construction safety field.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Engineering will participate in the lithium and boron projects in Nevada, the U.S., to target the North American core mineral plant market.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Maekyung Real Estate Project Group will hold the second seminar of the CEO Master Class "Save Dead Buildings" for building owners at the SpaceShare Samsung Station Center in Gangnam-gu, Seoul, from 2 p.m. to 5 p.m. on the 29th of next month. The theme of this seminar is 'Medical Building Made Without Flexibility'.
Maeil Business Newspaper Korea's No. 1 Economic Media
First Vice Minister of Land, Infrastructure and Transport Kim Yi-tak (right of the back row), U.S. Vice Minister of Energy Kyle Haustbyte (left of the back row), Korea Overseas Infrastructure and Urban Development Support Corporation (KIND) President Kim Bok-hwan (left of the front row), Hyundai Engineering Chemical Business Director Lee Seung-dong (right of the front row), and Chairman of Ioniq Board James Callaway (center) are taking photos at the signing ceremony on the 7th (local time).
Maeil Business Newspaper Korea's No. 1 Economic Media
Makinochaya Blue Haeundae LCT Branch <Photo = Makinochaya> Makino Chaya, a premium seafood buffet brand, announced on the 6th that it will open its first store of its new top-end brand, "Makino Chaya Blue," in Haeundae LCT, Busan. Makinochaya Blue is a top model that reinforces local menus, live kitchen, and grill menus while maintaining the identity of Makinochaya, an authentic seafood buffet.
Maeil Business Newspaper Korea's No. 1 Economic Media
Construction cost per pyeong is up to KRW 16 million Even if the same balance is moved, the maximum area ratio of 700 million or less, more than 1,000 households Medium and large-sized equilibrium complexes are advantageous for business progress In the past, reconstruction was a "goose that laid golden eggs." If you had a small apartment of 10 pyeong, you could move into a 30-pyeong apartment with little additional contribution.
Maeil Business Newspaper Korea's No. 1 Economic Media
In the past, reconstruction was a "goose that laid golden eggs." If you had a small apartment of 10 pyeong, you could move into a 30-pyeong apartment with little additional contribution. In fact, in the case of Gaepo Jugong Complex 4 in Seoul (currently Gaepo Jugong Presidence), it is known that a 50-square-meter owner had to pay only about 100 million won to move into a dedicated 84-square-meter (34 pyeong). But now the situation is changing.
Maeil Business Newspaper Korea's No. 1 Economic Media
Dongil Construction announced on the 30th that it will sell "Yongin Semiconductor Cluster Dongil Highville Park Valley" in August in the D1-1 block of "Yongin Semiconductor Cluster General Industrial Complex" in Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do. This time, 589 households in complex 1 out of 1,250 will be sold.
Maeil Business Newspaper Korea's No. 1 Economic Media
Semiconductor Cluster Dongil Highville to be sold in August SK Hynix's 600 trillion production line behind complex A bird's eye view of Yongin Semiconductor Cluster Dongil Highville Park Valley <Photo = Dongil Construction> As the world's largest semiconductor megacluster project is speeding up, interest in the complex behind the Yongin semiconductor cluster is also hot. In August, the first apartment sale will take place inside Yongin Semiconductor Cluster General Industrial Complex.
Maeil Business Newspaper Korea's No. 1 Economic Media
PRISM Investment Advisory-Moncheon Investment Tech Business Agreement Photo <Picture =Moncheon Investment Tech> Prism Investment Advisory (CEO Hong Chun-wook, Lee Yoon-hak), which put forward a national pension-style long-term asset allocation strategy, announced on the 28th that it has signed a memorandum of understanding (MOU) with Wolcheon Jae-Tech (CEO Lee Joo-hyun), a real estate and financial content company, to strengthen financial and real estate integration consulting.
Maeil Business Newspaper Korea's No. 1 Economic Media
View of 'Brighton N40' in Nonhyeon-dong The real estate market is drawing attention as luxury private rental apartments in Gangnam area and Yeouido, Seoul, are facing a period of conversion to sales.
Maeil Business Newspaper Korea's No. 1 Economic Media
Paul Korea Banpo PFV signs MOU on wellness facilities with Catholic University A perspective view of wellness facilities to develop the site of the former Banpo Sheraton Palace Hotel <Photo = Banpo PFV> The former Sheraton Palace Hotel in Banpo-dong, Seocho-gu, Seoul, will be developed as a high-end complex that combines residences, hotels and wellness facilities. The wellness facility inside the complex, which will be built as a medical hub, will cooperate with Catholic University.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hillstate Godeok Elist Tousido <Photo = Hyundai Engineering & Construction> located in Godeok, Pyeongtaek Hyundai Engineering & Construction will supply the Hillstate Godeok Elist next month in Godeok International New Town, Pyeongtaek, Gyeonggi Province. The complex will be built in the A31, 34 and 35 blocks of the Godeok Internationalization District and will be built with a maximum size of 33 floors.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai E&C's apartment brand Hillstate is launching a brand rebranding to mark the 20th anniversary of its launch. According to Hyundai Engineering & Construction on the 22nd, the company unveiled its new Hillstate brand identity (BI) and started to strengthen its brand competitiveness. Its strategy is to evolve into a brand that encompasses the entire lifestyle beyond the residential space.
Maeil Business Newspaper Korea's No. 1 Economic Media
Songpa Hanyang 1st and 2nd apartments, which are considered "real reconstruction" complexes in Songpa-gu, Seoul, are speeding up their maintenance projects. First of all, Hanyang 2nd selected a construction company earlier this year, and the first apartment was designated as a maintenance area, and the project was on track.
Maeil Business Newspaper Korea's No. 1 Economic Media
The V-Flex building. Igis Asset Management Vplex, a prime-class office building in the Gangnam Business District (GBD) area of Seoul, has begun the sale process in earnest. The market is drawing keen attention as it is expected to be a direct beneficiary of large-scale developments such as Yeongdong-daero complex transfer center, Hyundai Motor's GBC construction project, and Jamsil MICE development.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Moonju Scholarship Foundation, established by MDM Group Chairman Moon Joo-hyun, will hold an academic contest for university students in the urban, real estate and architecture sectors. The grand prize winner will receive 30 million won, and the two grand prize winners will each receive 10 million won.
Maeil Business Newspaper Korea's No. 1 Economic Media
An asset value redesign seminar will be held for building owners in crisis amid high interest rates, soaring construction costs and various regulations that make it difficult to make profits only with "simple rent." The Maekyung Real Estate Project Group announced on the 17th that it will hold a "Dead Building Revival Relay Seminar" that fundamentally converts the value of real estate assets from the 20th.
Maeil Business Newspaper Korea's No. 1 Economic Media
The government interpreted that even if a member of the reconstruction and redevelopment union buys a stake in a shareholder that did not meet the reason for the exception of the transfer of status, the stake is still subject to cash liquidation. Attention is required as there have been moves to escape government regulations by buying shares of shareholders from the site.
Maeil Business Newspaper Korea's No. 1 Economic Media
In the previous article, I briefly explained how the surge period comes before the crash. However, I would like to explain the process in more detail this time. First of all, how high will it be. The real estate industry usually says more than 30%. However, the "30%" number is just the minimum number to consider it a soaring period. Once the average rate of increase exceeds 30%, prices often more than double for individual apartments.
Maeil Business Newspaper Korea's No. 1 Economic Media
Baekseok Signature Xi perspective. GS Engineering & Construction Co., Ltd If you arrive at Cheonan Asan Station in about 30 minutes by KTX from Suseo Station and then move by car for about 15 minutes, the construction site of "Baekseok Signature Xi" will appear.
Maeil Business Newspaper Korea's No. 1 Economic Media
'Correction order = reason for cancellation' contract Supreme Court "followed regardless of severity" Construction industry "concerns about litigation risk" the real estate construction industry. Not related to the content of the article. <Photo = Yonhap News> The Supreme Court ruled that if the requirements for cancellation were specified while signing a real estate sales contract, even if the matter was minor, it should be strictly followed according to the text of the contract.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Korea Construction Association announced on the 11th that it submitted a proposal the day before to the Ministry of Land, Infrastructure and Transport and the Ministry of Planning and Budget to organize more than 30 trillion won in the social overhead capital (SOC) budget in 2027. The move is aimed at securing momentum for economic recovery by expanding public infrastructure investment amid continued concerns over structural low growth.
Maeil Business Newspaper Korea's No. 1 Economic Media
As the official price of apartments in Seoul rose by more than 18% this year, objections have also more than doubled from last year. In particular, objections to lower the official price were confirmed to have soared. This is interpreted as a result of growing concerns that various burdens such as health insurance premiums as well as holding taxes such as property tax and comprehensive real estate tax could increase.
Maeil Business Newspaper Korea's No. 1 Economic Media
Han Seung-gu, President of the Construction Association The Korea Construction Association suggested to the government that the social overhead capital (SOC) budget for next year should be expanded to more than 30 trillion won to improve aging infrastructure, balanced regional development, and secure future growth engines.
Maeil Business Newspaper Korea's No. 1 Economic Media
Lee Seung-won, head of Hyundai Engineering's energy business division (right), and Yang Hyung-yeol, head of the innovative nuclear fusion reactor design team at the Korea Institute of Nuclear Convergence Energy, are holding the agreement. Hyundai Engineering will join hands with the Korea Fusion Energy Research Institute to secure technology to commercialize nuclear fusion power generation.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Engineering will enter the local chemical plant market by winning an order for a large gas processing facility project in Kazakhstan. On the 8th, Hyundai Engineering announced that it had received a successful bid notice (LOA) from Kazak Gas, Kazakhstan's state-run gas corporation. This project is a project to create a facility to process raw gas produced in Kazakhstan's Karachaganak region. The annual gas treatment scale is about 5 billion㎥.
Maeil Business Newspaper Korea's No. 1 Economic Media
The Korea Developers Association will launch a research institute specializing in the real estate development industry. The Korea Developers Association announced on the 8th that it has established the Korea Real Estate Development Industry Research Institute, which expanded and reorganized its existing policy research labs, and appointed Kim Seung-bae, CEO of Fides Development, as its first president.
Maeil Business Newspaper Korea's No. 1 Economic Media
Location map of gas treatment facilities in Kazakhstan First entry into the local chemical plant market Expand base for entry into 3 Central Asian countries Hyundai Engineering will enter the local chemical plant market by winning an order for a large gas processing facility project in Kazakhstan. Hyundai Engineering announced on the 8th that it has received a successful bid notice (LOA) from Kazakhstan's state-run gas corporation QazaqGaz for the Karachaganak Gas Treatment Facility Project.
Maeil Business Newspaper Korea's No. 1 Economic Media
As Hyundai Engineering & Construction won the order competition, including reconstruction in Apgujeong-dong, cumulative orders for maintenance projects (reconstruction and redevelopment) this year approached 8 trillion won. It seems that it has also accelerated its achievement of 12 trillion won, which it set as its goal this year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Oh Byung-hwan, chairman of Woosung Gun-young, sitting in front of the bird's eye view of the high-end golf resort "The Estate." "Over 25 years of construction and implementation, we have carried out more than 70 different projects, including commercial facilities, officetels, and knowledge industry centers, but high-end architecture was another architecture different from previous architecture.
Maeil Business Newspaper Korea's No. 1 Economic Media
A perspective view of the building (left) and a room photo of "Eulji-ro 134" after the renovation. Maekyung Real Estate Corporation Building owners have become synonymous with successful rich people, but recently, the status of building owners is not the same as before. As the profitable real estate market, such as shopping malls, continues to stagnate, more and more building owners are complaining of tax burdens and difficulties in building management.
Maeil Business Newspaper Korea's No. 1 Economic Media
The scene of the accident at the demolition site of the overpass in Seosomun on the 26th <Maegyeong DB> Urging improvement of the old infrastructure dismantling construction system "The collapse of the rumor is not on-site negligence, but a system void" The absence of low-cost orders and professional supervision weakens safety procedures Proposed improvement of the five systems, including the exclusive supervision qualification for dismantling Regarding the collapse of the site of the...
Maeil Business Newspaper Korea's No. 1 Economic Media
Real estate developer HM Group is strengthening its competitiveness in private rental apartments, laying another mid- to long-term growth foundation. Expectations are growing that the private rental market could also expand in the mid- to long-term as the government has announced its stance to revitalize the rental housing market to ease instability in monthly rent due to lack of housing supply.
Maeil Business Newspaper Korea's No. 1 Economic Media
Lotte Engineering & Construction has developed eco-friendly floor materials to reduce noise between floors by using recycled aggregates and waste plastics. Lotte Engineering & Construction announced on the 26th that it has developed a 'soilastic sound insulation palette' in collaboration with Regent & I, a start-up specializing in eco-friendly composite materials. The Soylastic sound insulation pallet is installed on the floor cushioning material of the apartment and supports the heating pipe.
Maeil Business Newspaper Korea's No. 1 Economic Media
Apgujeong District 3 perspective map <Photo = Hyundai Engineering & Construction> Hyundai Engineering & Construction with 'Apgujeong Heritage' in front of 65.7% of members participated in the event, 89% approved it, which is 20% higher than Samsung C&T in District 4 2·3 and confronted DL in District 5 to solidify the initiative in the reconstruction of Apgujeong While Hyundai Engineering & Construction has won an order to rebuild Apgujeong District 3, the largest single maintenance project,...
Maeil Business Newspaper Korea's No. 1 Economic Media
Structural diagram of Soylastic sound insulation pallet Lotte Engineering & Construction is testing the inter-floor noise performance in a floor impact sound test building with a sound insulation palette. <Photo = Lotte Engineering & Construction> Lotte Engineering & Construction has developed eco-friendly floor materials to reduce noise between floors by using recycled aggregates and waste plastics.
Maeil Business Newspaper Korea's No. 1 Economic Media
Son Dong-woo, a real estate reporter In October last year, I wrote an article to the effect that some law firms were recommending lawsuits for termination of contracts against subcontractors of living accommodation facilities and officetels. After the article was published, I received a lot of phone calls. Most said, "Do you know how much damage we have suffered. Why are you siding with the construction company?" A year and a half have passed since then.
Maeil Business Newspaper Korea's No. 1 Economic Media
Doosan Engineering & Construction introduced a data-based business feasibility review system to strengthen its selection order strategy centered on the metropolitan area, focusing on improving cost structure and risk management, raising its operating profit ratio to around 8% in the first quarter of this year. Orders for maintenance projects have also been strong, and this year's target is set at 6 trillion won.
Maeil Business Newspaper Korea's No. 1 Economic Media
The redevelopment project of Noryangjin New Town in Dongjak-gu, which is considered a key point in the southwestern part of Seoul, has recently accelerated. First of all, "Laklachezade Fine" first cut off the sale tape in the 6th district of Noryangjin in April, and the second batter, "Acro River Sky" in the 8th district, is set to be supplied at the end of this month. In addition, districts 2 and 4 are also being prepared for sale this year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Analysis of Cases of Housing Purchase in Company Subsidies The largest proportion of people in their 30s Focused on higher-level areas such as Gangnam 3-gu and Yongsan A real estate agency in Songpa-gu, Seoul, with a sales notice attached to it. It was found that the cases of purchasing houses using company subsidies such as in-house loans were concentrated in the 30s and Gangnam area of Seoul.
Maeil Business Newspaper Korea's No. 1 Economic Media
The burden of reflecting the increase in construction costs has increased due to the expansion of communities and parking, etc. 84㎡ → 320 million won for 84㎡ Eunma Apartment members, who are about to apply for approval of the project implementation plan, recalculated and disclosed the estimated contribution of members.
Maeil Business Newspaper Korea's No. 1 Economic Media
Amid high interest rates, soaring construction costs and various regulations, it is difficult to make profits only with "simple rental," an asset value redesign seminar will be held for building owners in crisis due to vacancy problems and worsening profitability. The Maekyung Real Estate Project Group announced on the 21st that it will hold a "Dead Building Revival Relay Seminar" that fundamentally converts the value of real estate assets.
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