Stay updated with daily summaries on construction orders, site safety, material costs, and key policy updates. Includes links to original news sources.
The Seosomun Overpass collapse in Seoul has left 3 dead and 3 injured, highlighting major safety management failures. Meanwhile, 19 top builders have raised subcontracting rates by 134.3 billion won to offset surging material costs caused by the Middle East conflict, as the industry grapples with a structural crisis.
A collapse at the Seosomun Overpass demolition site in Seoul left 3 dead and 3 injured. Meanwhile, major construction firms are raising subcontracting rates by 134.3 billion won to offset rising material costs caused by Middle East tensions. Overseas contract volume for January-April dropped 72.3% year-on-year, with a sharp 91.7% decline in the Middle East.
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