Report Published: "Construction in South Korea - Key Trends and Opportunities to 2017"
The South Korean construction industry recorded a review-period (2008-2012) CAGR of 1.58%. The housing market deflated in 2008 as interest rates began to rise and banks tightened their lending conditions. This was a key reason for a decline in domestic demand, and contributed to the country's economic deceleration from an average of 5.2% during 2000-2007 to 2.3% in 2008, and just 0.3% in 2009. Infrastructure investments will support the construction industry, which is struggling due to poor property sales and...
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