South Korean construction industry Archives

South Korean Construction Industry Forms Coalition to Rebuild Public Trust

SEOUL, Nov. 8 (Korea Bizwire) – Leading construction organizations in South Korea have launched a new initiative to improve the industry’s public image, which has been tarnished by repeated incidents of substandard work, safety violations, and corruption. The Korea Federation of Construction Associations announced on November 7 that it held its kickoff meeting for the “Construction [...]

Construction Industry Confidence Drops on Weaker Orders in July

SEOUL, Aug. 1 (Korea Bizwire) – Business sentiment for South Korea’s construction industry fell in July from the previous month due mainly to a decrease in new orders, a poll showed Tuesday. The construction business survey index (CBSI) came to 85.4 last month, down five points from a month earlier and snapping a three-month gaining [...]