South Korea Infrastructure Report - Business Monitor International - Industry Reports

South Korea Infrastructure Report

South Korea Infrastructure Report - Business Monitor International - Industry Reports
South Korea Infrastructure Report
Published Aug 06, 2016
83 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We expect overall construction industry growth in South Korea to average ---.- over the next decade. With interest rates remaining low and house prices growing at a steady pace, we expect a slight expansion in South Korea s construction sector of -.- in real terms for ----, down from -.-- over ----. ...The energy and utilities sector will continue to see strong growth over the forecast period as more nuclear plants are developed as part of the government s commitment to meet future electricity demand. Furthermore, we expect South Korean authorities will seek to take advantage of nuclear power s cost competitiveness compared to other power technologies and continue to invest in the sector as it seeks to boost energy security and reduce the country s reliance on fuel imports. Over the long term, we expect South Korea s overall building industry growth to remain in contraction for the next decade (---------) due to weak long-term growth in the residential building sector and a contracting non-residential sector. ...We forecast transport infrastructure s share of spending to remain on a gradual downtrend, falling to --.- by end-----, from --.- of infrastructure spending in ---- as South Korea already has a well developed transport network. However, the continued need to upgrade and maintain existing infrastructure to maintain rail connectivity will provide a degree of support for infrastructure investment.

...We expect overall construction industry growth in South Korea to average ---.- over the next decade. With interest rates remaining low and house prices growing at a steady pace, we maintain our forecast for South Korea s construction sector to expand by -.- in ---- and -.- in ----. ...With interest rates remaining low and house prices growing at a steady pace, we maintain our forecast for South Korea s construction sector to expand by -.- in ---- and -.- in ----. Over the longer-term, we expect negative growth rates in the non-residential building sector and slower long-term growth in the residential building sector to weigh on the overall building industry, forecasting growth to remain in contraction from ---------. Household debt continues to rise at a rapid clip, partly due to historically low interest rates and previous government efforts to boost the housing market. ...Household debt continues to rise at a rapid clip, partly due to historically low interest rates and previous government efforts to boost the housing market. We expect high levels of household debt to cap housing demand over the coming quarters as the economy continues to face headwinds from the ongoing slowdown in China.

...The South Korean construction sector generates significant earnings from overseas contracts. The country is home to several of the world s largest international contractors. ...

  
Source:
Document ID
1750-550X
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "South Korea Infrastructure Report" Aug 06, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Infrastructure-Report-2026-75>
  
APA:
Business Monitor International - Industry Reports. (2016). South Korea Infrastructure Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Infrastructure-Report-2026-75>
  
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