Construction Market in South Korea - Key Trends and Opportunities to 2026

Latest publication on 'Construction in South Korea - Key Trends and Opportunities to 2025 (H1 2021)' is added in HTF MI research reporsitory provides in-depth analysis, Competitive scenario, and future market trends and strategies. The regional analysis includes countries like USA, Germany, China, France, Japan, South Korea, UK, BeNeLux, Nordic Nations, Middle East & Africa and many other countries along with major players .The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

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Summary
Construction in South Korea - Key Trends and Opportunities to 2025 (H1 2021)

Given South Korea’s successful containment of the Coronavirus (COVID-19) pandemic, without the need for nation-wide lockdowns, construction activity was not as severely affected when compared to other countries. According to the Korean Statistical Information Service (KOSIS), the construction industry’s value-add declined by 1.9% year on year (YoY) in real terms in the third quarter of 2020, following a decline of 0.2% in Q2 and growth of 3% in Q1 2020.

GlobalData expects the industry to recover in 2021, growing by 2.9% in real terms, compared to a contraction of 1.1% in 2020. The industry is then expected to expand at an annual average rate of 3.9% between 2022-2025. The industry’s output will be supported by improving investor confidence and the government’s focus on green infrastructure. In July 2020, the government announced a plan to invest KRW160 trillion (US$133.5 billion) between 2020 and 2025 under the ‘Korean New Deal’ program, which includes investments in the areas of renewable energy, electric vehicles, 5G infrastructure, big data and artificial intelligence. The industry will also be supported by the government’s focus on curbing rising property prices to cool an overheated property market, coupled with investments on residential buildings to address the housing shortage.

This report provides detailed market analysis, information, and insights into the South Korean construction industry, including -
- The South Korean construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South Korean construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope
This report provides a comprehensive analysis of the construction industry in South Korea. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in South Korea, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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Table of Contents
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
....Continued

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