Kumho E&C to Sell Price-Capped ‘Wangsuk Atera’ Apartments in Namyangju in May Kumho E&C said it will begin selling “Wangsuk Atera,” a privately participated public-sale apartment complex, in May in Wangsuk District 2 in Namyangju, Gyeonggi Province. The project will be the first complex in the third-phase new town Wangsuk District 2 to move to the main subscription stage, and it will be subject to South Korea’s price cap on new apartment sales. The company said the cap is drawing attention from buyers seeking more affordable prices amid rising presale costs. Wangsuk Atera, planned for the A-1 block in Wangsuk District 2, will have seven buildings from two basement levels to 29 stories, totaling 812 units. Homes will be offered in 59, 74 and 84 square meters, focusing on mid-size layouts favored by end users. Kumho E&C said the complex will be oriented mainly to the south and use a “4-bay” design to improve daylight and ventilation. In an earlier pre-subscription, the 84-square-meter type posted a 53.4-to-1 competition rate, the company said. Wangsuk District 2 is a new town planned to accommodate about 16,000 households and is about 5 kilometers from Seoul’s boundary, the company said. It is near other large development areas, including Wangsuk District 1, Dasan New Town and the Yangjeong station-area project, allowing residents to share infrastructure. Within about 1 kilometer of the complex, a new station tentatively called “Station 946” is planned on an extended Seoul Subway Line 9 route and the Gyeongui-Jungang Line, according to the company. Transfers to the GTX-B line are expected to be convenient via Wangsuk District 1, one stop away. Kumho E&C said residents are expected to use nearby Dasan New Town amenities at move-in, including Hyundai Premium Outlets and E-Mart. Nearby green and leisure facilities include Ilpae Neighborhood Park, Dasan Central Park and the Namyangju Sports and Culture Center. The company said education and daily-life facilities are also planned, with sites for a kindergarten and elementary and middle schools within walking distance, and proximity to a future-oriented education space called “WE Dream Park.” It added that a central commercial district site is nearby, which it said should reduce inconvenience in the early period after move-in. Kumho E&C said additional development is planned in the area, including the Wangsuk Urban Advanced Industrial Complex in Jingeon-eup, expected to host advanced industries such as artificial intelligence and biotechnology. It also cited plans including a Kakao data center and a Woori Financial Group financial R&D center. * This article has been translated by AI. 2026-04-23 05:08:26

Taeyoung Engineering to Launch 1,250-Unit Metrocity Jasan Desian Complex in Masan in May Taeyoung Engineering & Construction said it will introduce a large-scale branded apartment complex, Metrocity Jasan Desian, in May in Masan Happo-gu, Changwon, South Gyeongsang Province. The project, supplied through the Jasan district redevelopment, is linked to the city’s landmark Metrocity brand and marks the first major new supply in Masan Happo-gu in five years. The complex will span 12 buildings from two basement levels to 33 stories above ground, with 1,250 households. Of those, 739 units will be offered for general sale in 59 to 84 square meters of exclusive-use area, focusing on mid-sized layouts favored by end users. The company said the development will help complete a Metrocity brand town totaling 7,055 households. It also highlighted the area’s limited new-housing supply, noting there are no planned move-ins in Masan Happo-gu after 2026. The company cited nearby schools and transportation access. Muhak Elementary School is directly in front of the site, and residents can walk to Masan Middle and High School. Muhaksan and Chusan Neighborhood Park surround the complex, and some units are expected to have panoramic views of Masan Port. The site is near KTX Masan Station, the Masan Express Bus Terminal and the Seomasan interchange, and it pointed to the planned opening of the Busan-Bujeon–Masan double-track railway. Taeyoung said demand could grow with development of Masan Marine New Town and the planned completion in 2029 of the Digital Masan Free Trade Zone. It plans a mostly south-facing layout, glass balcony railings and resort-style community facilities including a sauna and private movie theater. A model home will open in May in Odong-dong, Masan Happo-gu, Changwon.* This article has been translated by AI. 2026-04-23 05:07:21

DL E&C to Launch Acro River Sky Apartments in Seoul’s Noryangjin New Town in May DL E&C will introduce its high-end apartment brand in Seoul’s Dongjak district with Acro River Sky in Noryangjin New Town, citing transit access and established education and daily-life infrastructure. The company said on the 14th it plans to begin sales in May for the Noryangjin 8 redevelopment promotion zone housing reconstruction project, located around 23-61, Daebang-dong, Dongjak-gu, Seoul. The complex will have 10 buildings ranging from four basement levels to 29 stories above ground, with 987 units in total. Of those, 285 units will be offered in general sales. Units will range from 36 to 140 square meters in exclusive-use area, covering small to large layouts. Noryangjin New Town is a large-scale redevelopment area planned across eight promotion zones. Once development is completed, it is expected to become a new residential district of about 9,200 households. Acro River Sky is within walking distance of Noryangjin Station, a transfer point for Seoul Subway Lines 1 and 9. For schools, the site borders Yeonghwa Elementary School, allowing for a safer walk to class. Yeongdeungpo Middle School, Yeongdeungpo High School, Sungui Girls’ Middle School and Sungui Girls’ High School are also within walking distance. Nearby parks reachable on foot include Yeouido Saetgang Ecological Park, Sayuksin Park, Nodeulnaru Park and Daebang Park, the company said. DL E&C said it plans a distinctive exterior design with three-dimensional finishes and upgraded views. Interiors will emphasize storage, including dressing rooms and pantries, and some unit types will use a four-bay, flat layout to improve space efficiency. Community facilities will include “Club Acro,” featuring fitness, Pilates, golf facilities and a sauna. The complex will also offer a kids lounge, study room and education lounge, along with premium spaces such as a sky lounge. A housing exhibition hall for Acro River Sky is planned near Maebong Station on Seoul Subway Line 3, at 2741 Nambusunhwan-ro, Gangnam-gu, Seoul.* This article has been translated by AI. 2026-04-23 05:05:10

Price Caps Fuel Seoul Subscription Frenzy as Buyers Chase Big Gains Seoul apartment complexes subject to South Korea’s pre-sale price cap are setting new subscription records, as buyers rush to projects seen as offering large gains over market prices. Demand has surged not only in Gangnam but also in Ichon-dong, a long-established upscale neighborhood north of the Han River, reinforcing Seoul’s dominance in the national pre-sale market. According to the Korea Real Estate Board’s Cheongyak Home platform, the first-round subscription for “Ichon Le El” in Ichon-dong, Yongsan-gu, drew 10,528 applications for 78 units, an average competition rate of 134.9 to 1. By unit type, the 100-square-meter homes were most sought after at 254.1 to 1, followed by 106 square meters (181.9 to 1), 122 square meters (66.7 to 1) and 118 square meters (50.5 to 1). The special supply round earlier also signaled strong demand, with 1,465 applicants for 10 units, or 146.5 to 1. The project is being supplied through the remodeling of Ichon Hyundai Apartments and is LOTTE E&C’s first “Le El” branded complex in northern Seoul. The complex comprises nine buildings from three basement levels to 27 stories above ground, totaling 750 households. The price-cap rules were cited as a key draw. The pre-sale price for the 122-square-meter units is 3.155 billion won to 3.304 billion won. Nearby, a 124-square-meter unit at Raemian Caelitus traded for 4.45 billion won in January, prompting analysis that winners could secure at least 1 billion won in gains. In southern Seoul, “Otyer Banpo” in Jamwon-dong, Seocho-gu, also posted heavy demand in its special supply round, with 15,505 applications for 43 units, an average of 360.6 to 1. By category, 6,797 applied under the first-time homebuyer track, 6,045 under newlyweds and 2,470 under multi-child households. The 59-square-meter Type B recorded 434.4 to 1. Otyer Banpo, located in Seocho-gu, is directly covered by the price-cap system. Its 84-square-meter units are priced at 2.5015 billion won to 2.7565 billion won. A nearby Maple Xi 84-square-meter occupancy right traded for 5.65 billion won in November, leading to estimates of roughly 3 billion won in potential gains. The project is also a post-sale development and the first to use POSCO E&C’s high-end “Otyer” brand, and it is near Banpo Station and the Wonchon elementary and middle school district, factors that helped drive what the industry described as near indiscriminate demand. Fears of a shortage of new supply in Seoul are also concentrating demand into subscription accounts. Real estate information firm RealToday said first-round applicants for nine Seoul projects this year totaled 102,118, more than double the combined total for non-Seoul areas over the same period, at 48,873. The surge is also reflected in record-high point scores. This year, “Acro The Seocho” in Seocho-gu posted an average first-round competition rate of 1,099.1 to 1 and produced another perfect 84-point subscription account just seven months after the previous one, a score typically requiring top conditions such as at least 15 years without owning a home. The pre-sale industry said capped-price projects, offered below market levels, are increasingly viewed as a last chance to build wealth, drawing large numbers of high-score applicants into the market. * This article has been translated by AI. 2026-04-23 05:04:40

POSCO E&C to Sell 2,857-Unit The Sharp Geomdan Lake Park in Incheon in May POSCO E&C said it will begin sales in May for “The Sharp Geomdan Lake Park,” a large apartment complex in Blocks 22 and 23 of Geomdan New Town in Incheon. It will be the first “The Sharp” branded apartments supplied in Geomdan New Town, with 1,454 units in Block 22 and 1,403 in Block 23, for a total of 2,857 households. Units will be offered in 59 square meters and 84 square meters of exclusive area, sizes popular with buyers. The project will be supplied as private sales on public land, meaning the price cap system will apply. The company expects pricing to be competitive compared with nearby market levels, drawing interest from end-users in the Seoul metropolitan area. The complex is near Geomdan Lake Park and Najinpo Stream, offering easy access to waterfront space. The company cited examples in major new towns such as Songdo, Cheongna and Gwanggyo, where housing near lake parks has helped lead local residential values, and said expectations are high for a comfortable living environment. POSCO E&C also highlighted transportation access, saying residents can walk to Wanjeong Station on Incheon Subway Line 2 and Geomdan Lake Park Station on Incheon Subway Line 1. It said the Incheon International Airport Expressway and the Seoul Metropolitan Area First and Second Ring Expressways provide broad road connections, making travel to central Seoul and key hubs across the region more convenient. The company added that a recently opened connector road between Geomdan and Dream Road has further improved access toward the Gyeyang area. Further transit expansion is also anticipated. POSCO E&C said nearby Singeomdanjungang Station is expected to improve access to Seoul as plans move forward to extend Seoul Subway Line 5. For education, the company said sites for a kindergarten and future elementary and middle schools are planned near the complex, and residents can also use the private academy district around Majeon Station. A real estate industry official said demand tends to concentrate on complexes that combine brand recognition, large scale and a waterfront location. A model home for “The Sharp Geomdan Lake Park” is planned in the Wondang-dong area of Seo-gu, Incheon.* This article has been translated by AI. 2026-04-23 05:04:17

Hyundai Engineering to Sell Hillstate Guwol Art Park Apartments in Incheon in April Hyundai Engineering said it plans to begin sales this month for Hillstate Guwol Art Park, a new apartment complex in Incheon. The project will include four towers ranging from six basement levels to as high as 39 stories, with 496 units in 84 and 101 square meters (exclusive-use area). The complex will be directly connected to Arts Center Station on Incheon Subway Line 1. Incheon City Hall Station, one stop away and a transfer point for Lines 1 and 2, is slated to have a stop on the GTX-B line linking Songdo and Maseok. The developer said it will apply a “curtain wall look” exterior design and focus on south-facing layouts. All units will use a four-bay, flat-plan design, and most will feature cross-ventilation (excluding some units) to improve daylight, airflow and openness. By unit type, plans include entryway and hallway pantries, powder rooms and dressing rooms. With the planned GTX-B opening, residents using Arts Center Station would be able to reach major central Seoul areas such as Yeouido and Seoul Station in about 20 to 30 minutes, the company said. The complex sits in front of Central Park, about 350,000 square meters, and is near Seunghaksan and Incheon Aetteul, offering access to both city amenities and green space. Nearby facilities include Lotte Department Store’s Incheon branch, the Guwol-dong Rodeo Street shopping area and Gachon University Gil Medical Center. The project also plans a large on-site commercial facility of about 6,337 pyeong. Large-scale development is also underway around the site. The Incheon Urban Development Corp. is developing about 2.2 million square meters in the Guwol-dong area under the Guwol I-City project. Plans call for about 16,000 households and more than 39,000 residents, along with a mixed-use space combining culture and startups and a health care-focused city. A model home for Hillstate Guwol Art Park will be set up at 1547-1, Guwol-dong, Namdong-gu, Incheon, and is scheduled to open in April. * This article has been translated by AI. 2026-04-23 05:03:54

SKC, Hanwha Solutions Face Diverging Risks in Major Stock Offerings SKC and Hanwha Solutions have launched large rights offerings to fund future growth, but uncertainty is rising over whether the deals will succeed as SKC faces a share-price slide and Hanwha Solutions awaits a financial regulator’s review. Industry officials said Tuesday that SKC is pursuing a 1 trillion won offering, but recent volatility has raised concerns that the final offering price could come in lower than expected, reducing proceeds. SKC plans to invest 590 billion won of the funds in its glass substrate business and use 410 billion won to repay debt. The company expects its debt-to-equity ratio to fall to about 142% from 233% after the offering, though the extent of improvement and the pace of investment will depend on how much money is ultimately raised. Some investors worry that a lower issue price would shrink funding and force cuts to investment in future businesses such as glass substrates. SKC shares, which had traded in the 100,000-won range, fell to the 80,000-won range after the offering was announced. The first issue price was set at 70,600 won per share. The company will set a second issue price by applying a 20% discount to the May 11 share price, then finalize the lower of the two as the issue price. Hanwha Solutions’ offering was reduced to 1.8 trillion won from 2.4 trillion won after the Financial Supervisory Service on April 9 requested revisions to its securities registration statement. The company adjusted planned debt repayment to 900 billion won from 1.5 trillion won. The number of new shares also fell to 56 million from 72 million, lowering the dilution rate to 24.6% from 29.5%. Still, uncertainty remains until the regulator completes its review and the schedule is finalized. Hanwha Solutions held an investor relations session for analysts Monday to explain why it says the offering is unavoidable. The company said it has carried out about 3.9 trillion won in balance-sheet improvements through noncore asset sales and equity-like financing, and reiterated that additional self-help measures are limited. Both companies cite future growth as the rationale. SKC plans to expand its semiconductor materials business centered on glass substrates as it accelerates a portfolio shift. Hanwha Solutions aims to ease financial strain amid a weak solar market while pursuing mid- to long-term investments including its U.S. “Solar Hub.” Some investors, however, have criticized the offerings as using shareholder money to pay down company debt. Lee Chang-min, a professor of business administration at Hanyang University, said, “A recurring problem in recent rights offerings by Korean companies is that explanations of the need for funding and reviews of alternatives are not sufficient,” adding, “In particular, it is hard to view positively a structure in which a large portion of the funds is used for debt repayment.”* This article has been translated by AI. 2026-04-23 05:03:27

Daewoo E&C to Launch 'Summit The Hill' Redevelopment Complex in Seoul’s Heukseok New Town Daewoo Engineering & Construction said it will supply a large-scale apartment complex, Summit The Hill, in May in a key section of Seoul’s Heukseok New Town redevelopment area, using its high-end SUMMIT brand. The company said on the 13th it plans to offer the project through the Heukseok 11 housing redevelopment in the area around 304 Heukseok-dong, Dongjak-gu, Seoul. The complex will consist of 30 buildings ranging from six basement levels to 16 stories above ground, totaling 1,515 households with unit sizes of 39 to 150 square meters. Of those, 432 units sized 39 to 84 square meters will be offered for general sale. The site is considered a core location within Heukseok New Town in central Seoul. Residents will be able to walk to Heukseok Station on Seoul Subway Line 9, with travel to Yeouido and the Gangnam area possible in about 10 minutes. Nearby amenities include the Heukseok-dong commercial district and major retailers such as Shinsegae Department Store’s Gangnam branch, E-Mart’s Yongsan store and Lotte Mart’s Seocho store. Medical facilities including Chung-Ang University Hospital and Seoul St. Mary’s Hospital are also close by. Schools within walking distance include Chung-Ang University Elementary School, Seoul Eunnoro Elementary School, Chung-Ang University Middle School and Heukseok High School. Access to the Banpo and Bangbae private academy districts is also described as convenient. Daewoo E&C said the project will apply SUMMIT design features, including facade color design and a curtain-wall look. It said view-oriented planning will allow some households to see the Han River. Planned community facilities include an indoor swimming pool, sauna, fitness club, GX room and an indoor golf club, along with a sky lounge and guesthouse. The company also said it will add education and cultural spaces such as the “Heukseok Library,” a library cafe, private cinema, shared office and a daycare center. A model home will be set up at the Summit Gallery near 337 Yeongdong-daero in Seoul’s Gangnam-gu.* This article has been translated by AI. 2026-04-23 05:03:00

Lee Says South Korea, Vietnam Aim for $150B Trade by 2030, Expand Nuclear and Infrastructure Cooperation President Lee Jae-myung said South Korea will support efforts to lift trade with Vietnam to $150 billion by 2030 and lay the groundwork to expand cooperation in nuclear power and infrastructure. Lee, on a state visit to Vietnam after traveling to India, made the remarks during a summit on April 22 (local time) with To Lam, the Communist Party’s general secretary and Vietnam’s state president. Lee said South Korea is “the best partner” for Vietnam’s vision of becoming a high-income advanced country by 2045. Vietnam is South Korea’s third-largest trading partner after China and the United States. The two countries are each other’s top-three trading partners, and South Korea is Vietnam’s largest investor. Bilateral trade totaled $94.6 billion last year, a record high. South Korean investment in Vietnam through last year reached $56.8 billion, and about 10,000 South Korean companies operate there. South Korea’s key exports, including semiconductors and home appliances, are produced through a division of labor in which parts and materials are shipped from South Korea and finished goods are made in Vietnam. Lee said the summit would help deepen strategic economic cooperation and strengthen communication on an economic and security partnership, including energy, supply-chain stability and cooperation on critical minerals. The two sides exchanged 12 memorandums of understanding and cooperation documents spanning security and protection, digital, science and technology innovation, intellectual property, power infrastructure, water security, animal health and quarantine, culture, underwater cultural heritage, safety of food, pharmaceuticals, cosmetics and medical devices, nuclear power development, and financing cooperation for nuclear projects. According to a written briefing by presidential spokesperson Lee Kyu-yeon, the countries signed an MOU on safety cooperation for food, pharmaceuticals, cosmetics and medical devices. They also concluded quarantine talks on heat-treated poultry, which the briefing said would help expand access to Vietnam’s $4.3 billion imported pharmaceuticals market and its $11 billion meat market. They also signed an MOU to review cooperation possibilities in nuclear power development, including exploring options for new nuclear plants, jointly analyzing construction risks and supporting plans to optimize construction schedules. Lee said progress was also made on major national infrastructure projects expected to play a central role in Vietnam’s development, including the Dongnam new city and the new Tra Vinh airport. He added that “a contract is expected to be signed” for South Korea to export rail cars for Ho Chi Minh City’s urban rail system, saying he hoped the deal would contribute to improving Vietnam’s rail infrastructure. The leaders also agreed to build a mutually beneficial partnership to strengthen energy security and stabilize supply chains for critical minerals amid global uncertainty. Through a framework for a South Korea-Vietnam science and technology innovation cooperation master plan, the two sides will present a mid- to long-term vision for cooperation and expand support for training Vietnam’s future talent, including efforts aimed at easing labor shortages faced by South Korean companies operating there. In health care, the South Korean government plans to expand cooperation to strengthen Vietnam’s health capacity and improve access to medical services. It also plans to 추진 a “Central Region Emergency Medical System Strengthening Project” to significantly improve emergency care in Vietnam’s central region, described as medically underserved and frequently visited by South Koreans. The government also said it would support expanded cooperation in cultural industries and broader Korean-language education in Vietnam. During the visit, it plans to hold the “2026 Korea Culture and Tourism Expo,” linking Korean pop culture content with tourism promotion, and to support a “5 million mutual visits era” by boosting people-to-people exchanges, including tourism. Lee said South Korea and Vietnam upgraded ties in 2022, the 30th anniversary of diplomatic relations, to a comprehensive strategic partnership and became key partners across all fields. He said the visit further developed the relationship in a more future-oriented and strategic direction. Spokesperson Lee said the state visit was part of “relay summit diplomacy” with ASEAN following trips this year to Singapore and the Philippines and the hosting of a state visit to South Korea by Indonesia’s president. He said the trip helped complete the best possible partnership with Vietnam across politics, the economy and culture. The summit with To Lam was the first state event hosted by Vietnam’s new leadership, which took office earlier this month, and came eight months after To Lam’s visit to South Korea in August last year. * This article has been translated by AI. 2026-04-23 01:09:19

South Korea’s Lee, Vietnam’s To Lam trade greetings at state dinner in Hanoi "Xin chao." (President Lee Jae-myung) "Thank you." (To Lam, Vietnam’s party chief and state president) President Lee Jae-myung and To Lam, Vietnam’s Communist Party chief and state president, exchanged greetings in each other’s languages at a state dinner in Hanoi, setting a cordial tone for the event. Speaking at the dinner April 22 (local time) at the Hanoi International Convention Center, Lee said the two countries would deepen cooperation as “core global partners,” including in science and technology, innovation and digital transformation — areas Vietnam has identified as key drivers of future growth. Lee recalled first visiting Vietnam after Seongnam City and Thanh Hoa Province signed a friendship and cooperation memorandum of understanding in 2013. He said he saw Vietnam’s potential then and has been struck by how those “many possibilities” have since translated into remarkable development. Lee noted that this year marks 800 years since Prince Yi Yong-sang of Vietnam’s Ly dynasty settled in Goryeo. He said ties that began with small exchanges have grown into a close relationship, with about 5 million people traveling between the two countries each year. He pointed to “more than 10,000” South Korean companies operating in Vietnam, “about 75,000” Vietnamese students studying at South Korean universities, and the lives of “100,000” South Korea-Vietnam multicultural families as evidence of deepening bonds and trust. Lee urged both sides to work together so that friendship “grown” over centuries can yield benefits for the next generation. Citing a Vietnamese proverb — “100 rivers come together to form one sea” — he said South Korea’s Han River and Vietnam’s Red River “are connected here as one.” Lee said the visions and promises shared would become streams of cooperation that ultimately meet in “a great sea of shared prosperity,” pledging South Korea would remain a steadfast partner. He ended with a Vietnamese toast, “Chuc suc khoe,” meaning “to your health.” In his welcoming remarks, To Lam said the visit came as the Vietnam-South Korea comprehensive strategic partnership strengthens, political trust grows, and cooperation expands in the economy, trade, investment and science, alongside more active people-to-people exchanges. He said Vietnam recently successfully held its 14th Party Congress, elections for the 16th National Assembly, and elections for local councils for the 2026-2031 term. He described Lee as the first state guest to visit Vietnam since the official launch of the country’s new national and government leadership. To Lam said the relationship blends deep history, cultural similarities and strategic interests in a new era, adding that in more than 30 years since diplomatic ties were established, the partnership has advanced rapidly into a comprehensive strategic partnership based on high political trust and more practical, effective cooperation. He said Vietnam is currently South Korea’s largest economic partner in Southeast Asia and its third-largest trading partner. He added that South Korea is Vietnam’s top investor, its second-largest partner in development cooperation and tourism, and its third-largest partner in trade and labor. To Lam compared the friendship to fermented soybean paste that deepens in flavor over time, and cited sayings from both countries about the value of working together. He said cultural similarities, political trust and complementary economic development would help sustain cooperation toward a future of peace, stability, development and prosperity, contributing to peace and stability in the region and the world. Attendees at the state dinner included Samsung Electronics Chairman Lee Jae-yong, SK Chairman Chey Tae-won, LG Chairman Koo Kwang-mo, Lotte Group Chairman Shin Dong-bin, POSCO Holdings Chairman Chang In-hwa, HD Hyundai Vice Chairman Chung Ki-sun, GS Chairman Huh Tae-soo, CJ Chairman Sohn Kyung-shik, Hyosung Chairman Cho Hyun-joon and Daewoo Engineering & Construction Chairman Jung Won-ju. 2026-04-23 00:06:22