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Inflationary pressures expected to moderate South Korean construction industry
July 27, 2011
By wmi
Inflationary pressures owing to increasing levels of construction activity are expected to slow down growth in the South Korean construction industry to 2015.
The industry is expected to record a CAGR of 6.53% to 2015 with increased private and public investments expected to drive growth. Alternative energy projects that are thriving on the country's efforts to move away from regular sources of energy and preparation for the 2018 Winter Olympics as well as efforts by the government to enhance the country's IT infrastructure are all expected to play a decisive hand in helping the construction industry maintain a positive growth rate over the next few years.
In terms of individual sectors, the commercial construction market is expected to register a CAGR of 5.3% while the infrastructure construction market is expected to grow with a CAGR of 7.65% to 2015.
All these and many more facts and figures in addition to an in-depth analysis can be found in the report The Future of Construction in South Korea to 2015: Investments Pertaining to Manufacturing, Retail and the 2018 Winter Olympics to Drive Construction Activity published by World Market Intelligence (WMI).
To access the complete report, please visit our premium subscription Construction Intelligence Center product www.worldmarketintelligence.com/ic/construction
Posted by wmi on July 27, 2011 12:59 PM
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