China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Lotte Engineering & Construction was reportedly picked as the preferred bidder for the construction of a new hospital that will rise in Hanam, Gyeonggi Province. The medical facility is said to be part of the territory’s plans for its urban development.
According to The Korea Herald, a consortium that is made up of seven companies that include Lotte E&C has been chosen by the city government for its H2 Project. The other major firms that have joined the consortium are the Industrial Bank of Korea and Kumho Engineering & Construction.
Now that the selection is over, the consortium will proceed to make a deal with the city of Hanam. After this, the contract could be finalized, but the process could take months, as per Lotte E&C.
Hanam’s H2 Project is focused on developing the 162,000 square meter land around the city’s Changwoo district. Aside from hospitals, other facilities such as a convention center and a hotel are also expected to rise on the site.
In any case, based on the information mentioned in the report, Lotte E&C will be in charge of building Mjongji General Hospital. It was learned that Hanwha Engineering & Construction, as well as DL E&C, also competed in the bidding for the construction of Kyung Hee University Medical Center and CHA Medical Center in the same location.
Moreover, Lotte E&C revealed that the consortium is planning to put up entertainment facilities for children as well. The group will also build the Tiny Town and Wannado Children’s Museum.
“To make a new landmark in Hanam, we will bring the supply of stable medical services and children’s entertainment facilities to reality,” a company official stated.
Meanwhile, in other news, Lotte E&C will also be working with Zigbang on proptech. The two will team up for the development of technology related to home decor and real estate that is also called proptech. This is a type of service that utilizes internet technology in a property-related arena such as real estate, home decor, and building management.
Finally, Korea Joongang Daily reported last month that Lotte E&C and Zigbang have inked a memorandum of understanding (MOU) to share each other’s infrastructure and business models to cooperate on proptech businesses, metaverse, and digital marketing.
