Korean construction industry Archives

BOK Warns Economic Stimulus Too Focused on Construction Industry

SEOUL, July 15 (Korea Bizwire) – The Bank of Korea (BOK) revealed on July 15 its ‘Adequacy Analysis of Recent Investment in Construction’ included in the Economic Outlook Report of July 2016, which showed serious concerns regarding the government’s economic stimulus plan focused on the construction industry. The BOK pointed out that Korea is following in the [...]

Almost a Half of Top-100 Construction Contractors Undergo Restructuring

SEOUL, Korea, July 31 (Korea Bizwire) – For the past five years since the 2008 global financial crisis, as many as a half of the top-100 construction companies have been undergoing restructuring. But lately even top-20 contractors are in danger of financial difficulties. According to construction industry sources on July 30, a total of 45 [...]