SEOUL, Nov. 3 (Korea Bizwire) — South Korean builders are likely to fall short of their annual overseas order targets this year, analysts said Sunday, amid concerns over a slowdown in the global economy sparked by the U.S.-China trade dispute. As of the end of October, South Korean construction companies amassed $17.68 billion worth of [...]
SEOUL, Jun. 26 (Korea Bizwire) — South Korean construction companies are striving to meet their annual overseas order targets amid concerns over a slowdown in the global economy, industry insiders said Wednesday, as they hope to feed off massive plant orders from the Middle East, their traditional cash cow, with oil prices staying high. Also, [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korea’s state-run financial institutions will check the profitability of large overseas construction projects and shipbuilding orders to prevent local companies from winning contracts that will lead to losses down the road, the government said Tuesday. In a meeting chaired by Finance Minister Choi Kyung-hwan in Seoul, senior officials [...]