Just Published: "Construction in South Korea - Key Trends and Opportunities to 2020"

From: Fast Market Research, Inc.
Published: Tue Jun 28 2016

Timetric's Construction in South Korea - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the South Korean construction industry including:

* South Korean construction industry's growth prospects by market, project type and construction activity
* Analysis of equipment, material and service costs for each project type in South Korea
* Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the South Korean construction industry
* Profiles of the leading operators in the South Korean construction industry
* Data highlights of the largest construction projects in South Korea

Report Highlights

* The government's focus on the tourism industry is expected to drive growth in the commercial construction market, in particular leisure and hospitality buildings, over the forecast period. The government promotes its cultural heritage across the world through the 'Visit Korea Years 2016-2018' program and the 'Friendly Korea' campaign. The government is also developing infrastructure to accommodate tourists, and plans to invest KRW2.1 trillion (US$2.0 billion) to develop tourism, education, healthcare, city planning, energy and traffic by 2019.
* In June 2015, the government announced the Innovation in Manufacturing 3.0 initiative to address fundamental and structural issues in the manufacturing sector. The government plans to invest KRW200.0 billion (US$172.0 million) to construct 1,500 smart factories annually, and computerize all manufacturing plants by 2020.
* The South Korean government aims to connect all major cities of the country with a high-speed rail system, enabling travel to any city within 90 minutes. Accordingly, the government announced plans to expand the High-Speed Railway (HSR) network from 368km in 2011 to 2,362km by 2020 under PPP model, with an investment of KRW88.0 trillion (US$81.9 billion).
* In 2014, the government reduced its total target of producing energy from nuclear power from 41.0% of the total energy demand by 2030 to 29.0% by 2035, as a result of safety concerns. After the 2011 Fukushima Nuclear disaster in Japan, a scandal in South Korea over nuclear safety certificates, and public protests to reduce the use of nuclear energy, the government scaled back its nuclear power expansion plans. However, to achieve the target to produce 29.0% of total energy demand by nuclear, the government needs to double nuclear power-generation capacity by 2035.
* With an aim to reduce greenhouse gas emissions, the government introduced a regulation in 2012 for energy companies to produce a portion of their energy from renewable sources. The government aims to increase renewable energy's share in the total energy mix from 3.6% in 2014 to 5.0% by 2020.

Full Report Details at
- http://www.fastmr.com/prod/1188642_construction_south_korea_key.aspx?afid=301

Report Scope

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