South Korean builder GS E&C has partnered with CRA, an architecture and design group led by MIT Professor Carlo Ratti, to research climate-resilient housing concepts. The project analyses the impact of extreme weather, heatwaves, and fine dust on homes using sensor data. Following feasibility testing, the firm plans to roll out these protective technologies across its premium Xi residential apartments.
Daewoo E&C has formed a strategic partnership with global engineering firm ARUP to bid for the Mok-dong Complex 8 Reconstruction Project in Seoul. The collaboration aims to maximise structural safety and design standards for the planned 49-story, 180-meter residential development. ARUP brings extensive high-rise expertise from iconic international schemes including Shanghai Tower and Marina Bay Sands.
Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
Daewoo E&C has finalised an investment in a $291 million housing project in Palisades Park, New Jersey, marking its return to the United States property development sector after two decades. Partnering with New York developer Tamares, the firm will build a 540-unit apartment complex. The company also plans to back a luxury mixed-use project in Prosper, Texas, later this year.
A new joint venture backed by major European pension investors has secured $300 million in initial equity to target South Korea's rapidly growing rental housing market. The Korea Living Venture, managed by Tishman Speyer alongside cornerstone investors APG and Bouwinvest, aims to acquire, reposition and develop multifamily assets across the Seoul capital region to address a structural shortage of modern, professionally managed housing.
The Government of Alberta has signed a major memorandum of understanding with South Korea’s Hanwha Group. This partnership aims to expand energy exports and industrial growth between the two regions. By aligning Alberta’s vast natural resources with Hanwha’s technical expertise, the deal supports Canada’s Indo-Pacific Strategy. It focuses on crude oil, hydrogen and long term defence infrastructure to strengthen economic security and trade.
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