POSCO E&C held 65.6% stake in collapsed Gwangmyeong tunnel project, facing potential 8-month business suspension and criminal penalties after investigation revealed design and construction failures.
Comprehensive Negligence Found in Sinansan Line Accident
South Korea's Ministry of Land found comprehensive negligence in design, construction, and supervision caused the Sinansan Line tunnel collapse. POSCO E&C and Seohee Construction face potential business suspension for illegal subcontracting and safety violations.
POSCO E&C will launch 'The Sharp Songdo Granter' in April, featuring 1,544 apartments and 96 officetels near Central Park Station with GTX-B access, scheduled for completion in 2029-2030.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.