SummaryConstruction in South Korea – Key Trends and Opportunities to 2025 (H1 2021)
Given South Korea’s acknowledged ascendancy of the Coronavirus (COVID-19) pandemic, after the charge for nation-wide lockdowns, architecture action was not as acutely afflicted back compared to added countries. According to the Korean Statistical Advice Service (KOSIS), the architecture industry’s value-add beneath by 1.9% year on year (YoY) in absolute agreement in the third division of 2020, afterward a abatement of 0.2% in Q2 and advance of 3% in Q1 2020.
GlobalData expects the industry to balance in 2021, growing by 2.9% in absolute terms, compared to a abbreviating of 1.1% in 2020. The industry is again accepted to aggrandize at an anniversary boilerplate amount of 3.9% amid 2022-2025. The industry’s achievement will be accurate by convalescent broker aplomb and the government’s focus on blooming infrastructure. In July 2020, the government appear a plan to advance KRW160 abundance (US$133.5 billion) amid 2020 and 2025 beneath the ‘Korean New Deal’ program, which includes investments in the areas of renewable energy, electric vehicles, 5G infrastructure, big abstracts and bogus intelligence. The industry will additionally be accurate by the government’s focus on annoyance ascent acreage prices to air-conditioned an overheated acreage market, accompanying with investments on residential barrio to abode the apartment shortage.
This abode provides abundant bazaar analysis, information, and insights into the South Korean architecture industry, including — The South Korean architecture industry’s advance affairs by market, activity blazon and architecture activity- Analytical acumen into the appulse of industry trends and issues, as able-bodied as an assay of key risks and opportunities in the South Korean architecture industry- Assay of the mega-project pipeline, absorption on development stages and participants, in accession to listings of above projects in the pipeline.
ScopeThis abode provides a absolute assay of the architecture industry in South Korea. It provides — Historical (2016-2020) and anticipation (2021-2025) valuations of the architecture industry in South Korea, featuring capacity of key advance drivers.- Segmentation by area (commercial, industrial, infrastructure, activity and utilities, institutional and residential) and by sub-sector- Assay of the mega-project pipeline, including breakdowns by development date beyond all sectors, and projected spending on projects in the absolute pipeline.- Listings of above projects, in accession to capacity of arch contractors and consultants
Reasons to Buy- Analyze and appraise bazaar opportunities application GlobalData’s connected appraisal and forecasting methodologies.- Assess bazaar advance abeyant at a micro-level with over 600 time-series abstracts forecasts.- Understand the latest industry and bazaar trends.- Formulate and validate action application GlobalData’s analytical and actionable insight.- Assess business risks, including cost, authoritative and aggressive pressures.- Appraise aggressive accident and success factors.
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Table of Contents1 Executive Summary2 Architecture Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 COVID-19 Status4 Architecture Outlook4.1 All Construction4.2 Bartering Construction4.3 Automated Construction4.4 Basement Construction4.5 Activity and Utilities Construction4.6 Institutional Construction4.7 Residential Construction5 Key Industry Participants5.1 Contractors5.2 Consultants6 Architecture Bazaar Data….Continued
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Trends In Korea – trends in korea
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