Latest news with #InfrastructureandTransport
Korea Herald
2 days ago
- Business
- Korea Herald
Foreign-owned homes in S. Korea top 100,000 for 1st time
The number of homes owned by foreigners in South Korea surpassed 100,000 for the first time in 2024, with Chinese nationals accounting for more than 56 percent, government data showed Friday. As of the end of last year, foreigners owned 100,216 homes in South Korea, up 5.4 percent from six months earlier, according to the Ministry of Land, Infrastructure and Transport. Foreign-owned homes made up 0.52 percent of the country's total registered housing units, the ministry said. The proportion of homes owned by Chinese nationals rose to 56.2 percent, or 56,301 units, up from 55.5 percent at the end of December and 55 percent at the end of June. Americans were the second-largest group, owning 22,031 homes, or 22 percent of the total, followed by Canadians with 6,315 units, or 6.3 percent. Most of the housing units owned by foreigners were located in and around Seoul. Gyeonggi Province accounted for the largest share with 39.1 percent, followed by Seoul with 23.7 percent and Incheon with 10 percent. Meanwhile, foreign ownership of South Korean land increased 1.2 percent in 2024 from a year earlier. As of December, foreigners owned 267.9 million square meters of land, accounting for 0.27 percent of the country's total land area. The value of land held by foreigners also rose by 1.4 percent to 33.48 trillion won ($24.8 billion) during the same period. (Yonhap)
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Nanta: S.Korea expressed readiness to expand development cooperation with M'sia
KUALA LUMPUR — South Korea has expressed readiness to expand bilateral cooperation with Malaysia, particularly in road development, construction technology and intelligent transport systems, said Works Minister Datuk Seri Alexander Nanta Linggi. He said it was conveyed to him during his courtesy call on South Korea's Minister of Land, Infrastructure and Transport Park Sang Woo, in conjunction with Malaysia's participation in the 2025 Asia Pacific Intelligent Transport Systems (ITS) Forum held in the country. He said the meeting, which was a follow-up discussion from the bilateral talks held in Kuala Lumpur last November, also touched on the progress of negotiations for a memorandum of understanding (MoU) in the relevant fields, adding that the initial discussion for the MoU took place in the capital on April 16. 'Both parties hope that the MoU can be finalised and signed in conjunction with the ASEAN-Republic of Korea Summit, set for October in Kuala Lumpur. 'I believe that this strategic cooperation will pave the way for greater opportunities in technology transfer, capacity building and the development of more efficient, safer and sustainable infrastructure in Malaysia,' he said in a Facebook post today. Nanta noted that the effort aligns with the direction of the Malaysian ITS Roadmap 2030, which focuses on innovative, inclusive and resilient future mobility. Nanta also shared the success of the Road and Construction Technology Cooperation Seminar, which drew over 130 participants, including Malaysian and South Korean government agencies and industry players, describing it as reflecting a shared commitment to innovation and the development of competitive and future-ready infrastructure. 'I would like to express appreciation to South Korea's Ambassador to Malaysia, Yeo Seung-Bae, and the entire staff of the South Korean Embassy in Malaysia for their strong support in advancing various collaborative initiatives currently underway. 'Malaysia deeply values its close ties with South Korea and will remain steadfast in pursuing collaborations that bring mutual benefits to the people and nations of both sides,' he added. — BERNAMA
The Sun
3 days ago
- Business
- The Sun
S.Korea expressed readiness to expand development cooperation with M'sia
KUALA LUMPUR: South Korea has expressed readiness to expand bilateral cooperation with Malaysia, particularly in road development, construction technology and intelligent transport systems, said Works Minister Datuk Seri Alexander Nanta Linggi. He said it was conveyed to him during his courtesy call on South Korea's Minister of Land, Infrastructure and Transport Park Sang Woo, in conjunction with Malaysia's participation in the 2025 Asia Pacific Intelligent Transport Systems (ITS) Forum held in the country. He said the meeting, which was a follow-up discussion from the bilateral talks held in Kuala Lumpur last November, also touched on the progress of negotiations for a memorandum of understanding (MoU) in the relevant fields, adding that the initial discussion for the MoU took place in the capital on April 16. 'Both parties hope that the MoU can be finalised and signed in conjunction with the ASEAN-Republic of Korea Summit, set for October in Kuala Lumpur. 'I believe that this strategic cooperation will pave the way for greater opportunities in technology transfer, capacity building and the development of more efficient, safer and sustainable infrastructure in Malaysia,' he said in a Facebook post today. Nanta noted that the effort aligns with the direction of the Malaysian ITS Roadmap 2030, which focuses on innovative, inclusive and resilient future mobility. Nanta also shared the success of the Road and Construction Technology Cooperation Seminar, which drew over 130 participants, including Malaysian and South Korean government agencies and industry players, describing it as reflecting a shared commitment to innovation and the development of competitive and future-ready infrastructure. 'I would like to express appreciation to South Korea's Ambassador to Malaysia, Yeo Seung-Bae, and the entire staff of the South Korean Embassy in Malaysia for their strong support in advancing various collaborative initiatives currently underway. 'Malaysia deeply values its close ties with South Korea and will remain steadfast in pursuing collaborations that bring mutual benefits to the people and nations of both sides,' he added.
The Sun
3 days ago
- Business
- The Sun
S. Korea ready to expand road & ITS ties with Malaysia
KUALA LUMPUR: South Korea has expressed readiness to expand bilateral cooperation with Malaysia, particularly in road development, construction technology and intelligent transport systems, said Works Minister Datuk Seri Alexander Nanta Linggi. He said it was conveyed to him during his courtesy call on South Korea's Minister of Land, Infrastructure and Transport Park Sang Woo, in conjunction with Malaysia's participation in the 2025 Asia Pacific Intelligent Transport Systems (ITS) Forum held in the country. He said the meeting, which was a follow-up discussion from the bilateral talks held in Kuala Lumpur last November, also touched on the progress of negotiations for a memorandum of understanding (MoU) in the relevant fields, adding that the initial discussion for the MoU took place in the capital on April 16. 'Both parties hope that the MoU can be finalised and signed in conjunction with the ASEAN-Republic of Korea Summit, set for October in Kuala Lumpur. 'I believe that this strategic cooperation will pave the way for greater opportunities in technology transfer, capacity building and the development of more efficient, safer and sustainable infrastructure in Malaysia,' he said in a Facebook post today. Nanta noted that the effort aligns with the direction of the Malaysian ITS Roadmap 2030, which focuses on innovative, inclusive and resilient future mobility. Nanta also shared the success of the Road and Construction Technology Cooperation Seminar, which drew over 130 participants, including Malaysian and South Korean government agencies and industry players, describing it as reflecting a shared commitment to innovation and the development of competitive and future-ready infrastructure. 'I would like to express appreciation to South Korea's Ambassador to Malaysia, Yeo Seung-Bae, and the entire staff of the South Korean Embassy in Malaysia for their strong support in advancing various collaborative initiatives currently underway. 'Malaysia deeply values its close ties with South Korea and will remain steadfast in pursuing collaborations that bring mutual benefits to the people and nations of both sides,' he added.
Barnama
3 days ago
- Business
- Barnama
S. Korea Expressed Readiness To Expand Development Cooperation With Malaysia
KUALA LUMPUR, May 29 (Bernama) -- South Korea has expressed readiness to expand bilateral cooperation with Malaysia, particularly in road development, construction technology and intelligent transport systems, said Works Minister Datuk Seri Alexander Nanta Linggi. He said it was conveyed to him during his courtesy call on South Korea's Minister of Land, Infrastructure and Transport Park Sang Woo, in conjunction with Malaysia's participation in the 2025 Asia Pacific Intelligent Transport Systems (ITS) Forum held in the country. He said the meeting, which was a follow-up discussion from the bilateral talks held in Kuala Lumpur last November, also touched on the progress of negotiations for a memorandum of understanding (MoU) in the relevant fields, adding that the initial discussion for the MoU took place in the capital on April 16. 'Both parties hope that the MoU can be finalised and signed in conjunction with the ASEAN-Republic of Korea Summit, set for October in Kuala Lumpur. 'I believe that this strategic cooperation will pave the way for greater opportunities in technology transfer, capacity building and the development of more efficient, safer and sustainable infrastructure in Malaysia,' he said in a Facebook post today. Nanta noted that the effort aligns with the direction of the Malaysian ITS Roadmap 2030, which focuses on innovative, inclusive and resilient future mobility. Nanta also shared the success of the Road and Construction Technology Cooperation Seminar, which drew over 130 participants, including Malaysian and South Korean government agencies and industry players, describing it as reflecting a shared commitment to innovation and the development of competitive and future-ready infrastructure. 'I would like to express appreciation to South Korea's Ambassador to Malaysia, Yeo Seung-Bae, and the entire staff of the South Korean Embassy in Malaysia for their strong support in advancing various collaborative initiatives currently underway. 'Malaysia deeply values its close ties with South Korea and will remain steadfast in pursuing collaborations that bring mutual benefits to the people and nations of both sides,' he added.
