되고 있습니다

is becoming; is being

→ 되다
phrase Rare #27,709
is becoming; is being A polite progressive form of 되다; the exact meaning depends on context, and it can also mean “is going” or “is happening.”
KO: 회의가 잘 되고 있습니다.
EN: The meeting is going well.

강변북로가 마포대교에서 한강대교 쪽으로 속도 떨어지고 동부간선도로 의정부 쪽으로는 이화교 부근부터 정체가 되고 있습니다

Traffic is slowing on the Gangbyeonbuk-ro from Mapo Bridge toward Hangang Bridge, while the Dongbu Expressway toward Uijeongbu is backed up from around Ihwa Bridge.

— Tune in for Love (2019)

계획 대로 되고 있습니다

It’s going according to plan.

— 제5원소 (1997)

컨트롤이 전혀 안 되고 있습니다

It's completely out of control.

— Pandora (2016)