Construction in South Korea – Key Trends and Opportunities to 2018

Date: 2015-09

The value of the South Korean construction industry increased at a compound annual growth rate (CAGR) of 2.43% during the review period (2009–2013). Growth was supported by private and public investments in infrastructure, industrial and commercial construction projects. Much of the country’s industrial and economic success can be credited to the country’s commitment to infrastructure development. According to the World Economic Forum’s Global Competitiveness Report 2013−2014, South Korea’s infrastructure ranked 23rd in a list of 148 global economies. The industry is expected to be supported by the government’s focus on infrastructure and residential construction over the forecast period (2014−2018), which will improve investor sentiment alongside the country’s hosting of the 2018 Winter Olympic Games and an anticipated recovery of the global economy. The industry is anticipated to post a forecast-period CAGR of 3.96%.

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample