Albany, NY -- (SBWIRE) -- 05/12/2015 -- Construction in South Korea – Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into South Korean construction industry including:

The South Korean construction industry's growth prospects by market, project type and type of construction activity

Analysis of equipment, material and service costs across each project type in South Korea

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the South Korean construction industry

Profiles of leading operators in the South Korean construction industry.

Data highlights of the largest construction projects in South Korea

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Executive summary

In real terms, the South Korean construction industry's growth is expected to increase from a compound annual growth rate (CAGR) of -0.61% during the review period (2010–2014) to 2.50% over the forecast period (2015–2019). Over the forecast period, industry growth will be supported by residential, commercial and infrastructure projects. A rising number of tourists and country's large population will support the growth in the retail industry. The increasing interest in property investment on Jeju Island will also support the industry. Works related to the hosting of the 2018 Winter Olympics Games in Pyeongchang, Gangwon province, will also provide support.

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Scope

This report provides a comprehensive analysis of the construction industry in South Korea. It provides:

Historical (2010–2014) and forecast (2015–2019) valuations of the construction industry in South Korea using construction output and value-add methods

Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

Breakdowns of values for each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in South Korea

Reasons to buy

Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

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Key highlights

During the review period, residential construction was the largest market in the construction industry. Government efforts to stimulate the residential market through initiatives, such as an increase in loan-to-value and debt-to-income ratios will help the market to grow over the next five years.

The country's aim is to double its nuclear power generation capacity, which will support the growth of the energy and utilities construction market, which accounted for 9.8% of the total industry value in 2014. In January 2014, the government approved the construction of two nuclear reactors worth KRW7.6 trillion (U$7.0 billion), each with a capacity of 1,400MW. This will also support the industry's growth over the forecast period.

In December 2013, the government approved a 'U-turn Company Support Law', under which incentives and subsidies, such as income and corporate tax cuts, and subsidies to purchase land and equipment, will be offered to Korean companies to bring back their production facilities to South Korea from overseas. Government's initiative to support the domestic manufacturing industry is expected to drive the growth of the manufacturing plants category over the forecast period.

Due to eased travel restrictions, the growing number of inbound tourists in the country fuelled demand in the leisure and hospitality industry. According to the Korean Tourism Organization (KTO), the number of tourist arrivals in the country increased from 12.2 million in 2013 to 14.2 million in 2014, and the organization aims to attract 20 million tourists by 2020. A surge in the number of tourist arrivals has triggered several tourism infrastructure development projects, such as the Ocean Marina City, Multi Tourist Complex in Jeju and Incheon Airport's Tourism project. Efforts to develop the country's tourism industry will boost the leisure and hospitality category in the commercial construction market over the forecast period.

Table of Contents

1 Executive Summary

2 INDUSTRY OUTLOOK
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction

3 KEY ISSUES AND DEVELOPMENTS

4 MARKET DATA ANALYSIS
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential Construction output by activity type
4.7.4 Residential construction value add by project type

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5 COMPANY PROFILE: SAMSUNG C&T CORPORATION
5.1 Samsung C&T Corporation – Company Overview
5.2 Samsung C&T Corporation – Business Description
5.3 Samsung C&T Corporation – Main Services
5.4 Samsung C&T Corporation – History
5.5 Samsung C&T Corporation – Company Information
5.5.1 Samsung C&T Corporation – key competitors
5.5.2 Samsung C&T Corporation – key employees

6 COMPANY PROFILE: POSCO ENGINEERING & CONSTRUCTION LTD
6.1 POSCO Engineering & Construction Ltd – Company Overview
6.2 POSCO Engineering & Construction Ltd – Business Description
6.3 POSCO Engineering & Construction Ltd – Main Services
6.4 POSCO Engineering & Construction Ltd – History
6.5 POSCO Engineering & Construction Ltd – Company Information
6.5.1 POSCO Engineering & Construction Ltd – key competitors
6.5.2 POSCO Engineering & Construction Ltd – key employees

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