Toll Free: 1-888-928-9744

Construction in South Korea - Key Trends and Opportunities to 2021

Published: Nov, 2017 | Pages: 92 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

Growth in South Korea's construction industry continued to accelerate in 2016, with output growth in real terms of 10.5%, measured at a constant 2010 US dollar exchange rate. This follows annual growth of 3.0% in 2013, 0.8% in 2014 and 5.7% in 2015. Growth during the review period (2012-2016) has been supported by a recovery in economic conditions and government investment in major transport infrastructure, residential buildings and energy and utilities projects. According to the Ministry of Strategy and Finance, the government invested KRW124.0 trillion (US$108.6 billion) on 167 transport infrastructure projects during 2013-2015. Over the forecast period (2017-2021), the industry is expected to continue to grow, driven by investments in public infrastructure, energy, commercial and industrial projects, and improvements in consumer and investor confidence. Moreover, a rise in building permits for the construction of residential and non-residential buildings in the country is expected to support the industry's growth over the forecast period. The government's focus on developing transport infrastructure, as well as efforts to boost energy production, particularly renewables, is expected to drive funding towards the construction industry over the forecast period. In June 2017, the government announced plans to invest KRW42.0 trillion (US$36.6 billion) on the renewable energy infrastructure, with an aim to eliminate coal power plants by 2020. The industry's output value in real terms increased at a compound annual growth rate (CAGR) of 4.93% during the review period, and is expected to post a CAGR of 3.99% over the forecast period.

Summary

Timetric's Construction in South Korea - Key Trends and Opportunities to 2021 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, 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

Scope

This report provides a comprehensive analysis of the construction industry in South Korea. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in South Korea using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) • Detailed profiles of the leading construction companies in South Korea

Reasons To Buy

• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors.

Key Highlights

• Timetric expects the residential construction market to remain the largest segment, accounting for 39.4% of the industry's total value in 2021. Growth over the forecast period is expected to be supported by rising residential buildings permits in the country. In 2016 the total number of building permits issued in the country grew by 3.8%, increasing from 265,445 dwelling units to 275,572. • The government is focusing on the expansion of railway lines across the country, with an aim to increase trade activities in the country, as well as provide a convenient transport system to the population. Accordingly, the government plans to invest KRW88.0 trillion (US$79.4 billion) to increase the railway network by 39.0%, going from 3,549.6km in 2016 to 4,934km by 2025. • The energy and utility construction market is expected to be supported by the government's plan to provide high speed internet connection to all citizens. To support economic development and growth, the government plans to provide a 5G connection to 90.0% of the population by 2025. • In July 2017, the government announced plans to increase natural gas' share in electricity production from 19.0% in 2016 to 27.0% by 2030. Consequently, it plans to build a new exploration well and other related infrastructure under the public-private partnership (PPP) model by 2030. Additionally, the government aims to generate 7.0% of the country's total energy needs through renewable sources by 2020. • The government increased the industrial building permits by 4.8%, going from 21,229 units in 2015 to 22,258 in 2016. Moreover, it increased by 3.9% during the first half of 2017, rising from 11,108 units in January-June 2016 to 11,538 units in January-June 2017. This is expected to drive the growth of industrial construction market over the forecast period.
 Table of Contents

1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Samsung C&T Corporation 5.1 Samsung C&T Corporation - Company Overview 5.2 Samsung C&T Corporation - Business Description 5.3 Samsung C&T Corporation - Main Products and Services 5.4 Samsung C&T Corporation - History 5.5 Samsung C&T Corporation - Company Information 5.5.1 Samsung C&T Corporation - key competitors 5.5.2 Samsung C&T Corporation - key employees 6 Company Profile: Hyundai Engineering & Construction Co. Ltd 6.1 Hyundai Engineering & Construction Co. Ltd - Company Overview 6.2 Hyundai Engineering & Construction Co. Ltd - Business Description 6.3 Hyundai Engineering & Construction Co. Ltd - Main Services 6.4 Hyundai Engineering & Construction Co. Ltd - History 6.5 Hyundai Engineering & Construction Co. Ltd - Company Information 6.5.1 Hyundai Engineering & Construction Co. Ltd - key competitors 6.5.2 Hyundai Engineering & Construction Co. Ltd - key employees 7 Company Profile: POSCO Engineering & Construction Ltd 7.1 POSCO Engineering & Construction Ltd - Company Overview 7.2 POSCO Engineering & Construction Ltd - Business Description 7.3 POSCO Engineering & Construction Ltd - Main Services 7.4 POSCO Engineering & Construction Ltd - History 7.5 POSCO Engineering & Construction Ltd - Company Information 7.5.1 POSCO Engineering & Construction Ltd - key competitors 7.5.2 POSCO Engineering & Construction Ltd - key employees 8 Company Profile: Daewoo Engineering & Construction Co. Ltd 8.1 Daewoo Engineering & Construction Co. Ltd - Company Overview 8.2 Daewoo Engineering & Construction Co. Ltd - Business Description 8.3 Daewoo Engineering & Construction Co. Ltd - Main Services 8.4 Daewoo Engineering & Construction Co. Ltd - History 8.5 Daewoo Engineering & Construction Co. Ltd - Company Information 8.5.1 Daewoo Engineering & Construction Co. Ltd - key competitors 8.5.2 Daewoo Engineering & Construction Co. Ltd - key employees 9 Company Profile: GS Engineering & Construction Corporation 9.1 GS Engineering & Construction Corporation - Company Overview 9.2 GS Engineering & Construction Corporation - Business Description 9.3 GS Engineering & Construction Corporation - Main Services 9.4 GS Engineering & Construction Corporation - History 9.5 GS Engineering & Construction Corporation - Company Information 9.5.1 GS Engineering & Construction Corporation - key competitors 9.5.2 GS Engineering & Construction Corporation - key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric's Services 10.7 Disclaimer
List of Tables

Table 1: South Korean Construction Output by Project Type (KRW Billion), 2012-2016 Table 2: South Korean Construction Output by Project Type (KRW Billion), 2016-2021 Table 3: South Korean Construction Output by Cost Type (KRW Billion), 2012-2016 Table 4: South Korean Construction Output by Cost Type (KRW Billion), 2016-2021 Table 5: South Korean Construction Output by Activity Type (KRW Billion), 2012-2016 Table 6: South Korean Construction Output by Activity Type (KRW Billion), 2016-2021 Table 7: South Korean Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 8: South Korean Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 9: South Korean Commercial Construction Output by Project Type (KRW Billion), 2012-2016 Table 10: South Korean Commercial Construction Output by Project Type (KRW Billion), 2016-2021 Table 11: South Korean Commercial Construction Output by Cost Type (KRW Billion), 2012-2016 Table 12: South Korean Commercial Construction Output by Cost Type (KRW Billion), 2016-2021 Table 13: South Korean Commercial Construction Output by Activity Type (KRW Billion), 2012-2016 Table 14: South Korean Commercial Construction Output by Activity Type (KRW Billion), 2016-2021 Table 15: South Korean Commercial Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 16: South Korean Commercial Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 17: South Korean Industrial Construction Output by Project Type (KRW Billion), 2012-2016 Table 18: South Korean Industrial Construction Output by Project Type (KRW Billion), 2016-2021 Table 19: South Korean Industrial Construction Output by Cost Type (KRW Billion), 2012-2016 Table 20: South Korean Industrial Construction Output by Cost Type (KRW Billion), 2016-2021 Table 21: South Korean Industrial Construction Output by Activity Type (KRW Billion), 2012-2016 Table 22: South Korean Industrial Construction Output by Activity Type (KRW Billion), 2016-2021 Table 23: South Korean Industrial Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 24: South Korean Industrial Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 25: South Korean Infrastructure Construction Output by Project Type (KRW Billion), 2012-2016 Table 26: South Korean Infrastructure Construction Output by Project Type (KRW Billion), 2016-2021 Table 27: South Korean Infrastructure Construction Output by Cost Type (KRW Billion), 2012-2016 Table 28: South Korean Infrastructure Construction Output by Cost Type (KRW Billion), 2016-2021 Table 29: South Korean Infrastructure Construction Output by Activity Type (KRW Billion), 2012-2016 Table 30: South Korean Infrastructure Construction Output by Activity Type (KRW Billion), 2016-2021 Table 31: South Korean Infrastructure Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 32: South Korean Infrastructure Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 33: South Korean Energy and Utilities Construction Output by Project Type (KRW Billion), 2012-2016 Table 34: South Korean Energy and Utilities Construction Output by Project Type (KRW Billion), 2016-2021 Table 35: South Korean Energy and Utilities Construction Output by Cost Type (KRW Billion), 2012-2016 Table 36: South Korean Energy and Utilities Construction Output by Cost Type (KRW Billion), 2016-2021 Table 37: South Korean Energy and Utilities Construction Output by Activity Type (KRW Billion), 2012-2016 Table 38: South Korean Energy and Utilities Construction Output by Activity Type (KRW Billion), 2016-2021 Table 39: South Korean Energy and Utilities Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 40: South Korean Energy and Utilities Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 41: South Korean Institutional Construction Output by Project Type (KRW Billion), 2012-2016 Table 42: South Korean Institutional Construction Output by Project Type (KRW Billion), 2016-2021 Table 43: South Korean Institutional Construction Output by Cost Type (KRW Billion), 2012-2016 Table 44: South Korean Institutional Construction Output by Cost Type (KRW Billion), 2016-2021 Table 45: South Korean Institutional Construction Output by Activity Type (KRW Billion), 2012-2016 Table 46: South Korean Institutional Construction Output by Activity Type (KRW Billion), 2016-2021 Table 47: South Korean Institutional Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 48: South Korean Institutional Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 49: South Korean Residential Construction Output by Project Type (KRW Billion), 2012-2016 Table 50: South Korean Residential Construction Output by Project Type (KRW Billion), 2016-2021 Table 51: South Korean Residential Construction Output by Cost Type (KRW Billion), 2012-2016 Table 52: South Korean Residential Construction Output by Cost Type (KRW Billion), 2016-2021 Table 53: South Korean Residential Construction Output by Activity Type (KRW Billion), 2012-2016 Table 54: South Korean Residential Construction Output by Activity Type (KRW Billion), 2016-2021 Table 55: South Korean Residential Construction Value Add by Project Type (KRW Billion), 2012-2016 Table 56: South Korean Residential Construction Value Add by Project Type (KRW Billion), 2016-2021 Table 57: Samsung C&T Corporation, Key Facts Table 58: Samsung C&T Corporation, Main Products and Services Table 59: Samsung C&T Corporation, History Table 60: Samsung C&T Corporation, Key Employees Table 61: Hyundai Engineering & Construction Co. Ltd, Key Facts Table 62: Hyundai Engineering & Construction Co. Ltd, Main Services Table 63: Hyundai Engineering & Construction Co. Ltd, History Table 64: Hyundai Engineering & Construction Co. Ltd., Key Employees Table 65: POSCO Engineering & Construction Ltd, Key Facts Table 66: POSCO Engineering & Construction Ltd, Main Services Table 67: POSCO Engineering & Construction Ltd, History Table 68: POSCO Engineering & Construction Ltd, Key Employees Table 69: Daewoo Engineering & Construction Co. Ltd, Key Facts Table 70: Daewoo Engineering & Construction Co. Ltd, Main Services Table 71: Daewoo Engineering & Construction Co. Ltd, History Table 72: Daewoo Engineering & Construction Co. Ltd, Key Employees Table 73: Skanska AB, Key Facts Table 74: Skanska AB, Main Services Table 75: Skanska AB, History Table 76: Skanska AB, Key Employees Table 77: Timetric Construction Market Definitions



To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $1950
Multi User - US $3900
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Information security

Your personal and confidential information is safe and secure.

verify