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![A crane is tears down Sampyo Remicon's Seoul factory in its final phase of demolition in August 2022. [YONHAP]](https://image.koreajoongangdaily.com/12282508.jpg?imageId=12282508&width=240&height=184&format=webp&format=jpg)
![The floor plan for the One Universe Festival 2023 to be held at Sampyo's newly transformed site in Seongsu-dong, eastern Seoul, over the weekend [SEOUL METROPOLITAN GOVERNMENT]](https://image.koreajoongangdaily.com/11137800.jpg?imageId=11137800&width=240&height=184&format=webp&format=jpg)
![Ready-mixed concrete trucks are shown at a cement plant in Seoul on Wednesday. Sampyo Cement said it will raise its price of cement by 11 percent to 105,000 won ($80) per ton starting September. Hanil Cement is also planning to raise its price by 15 percent to 106,000 won per ton in the same month. This will be the second price rise made this year in the cement industry, the first being in February. [YONHAP]](https://image.koreajoongangdaily.com/11793245.jpg?imageId=11793245&width=240&height=184&format=webp&format=jpg)