DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e42ff9/south_korea_infras) has announced the addition of the "South Korea Infrastructure Report Q4 2011" report to their offering.
Business Monitor International's South Korea Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on South Korea's infrastructure industry.
BMI View: South Korea's construction industry saw a contraction in the first quarter of 2011, which was perpetrated by a decline in activity in the residential sector. As a result, we have revised down our 2011 full-year forecasts for South Korea's construction industry, with real growth for the sector reaching 3.8% year-on-year (y-o-y) in 2011 (previously 5.4%). However, the successful bid to host the 2018 Winter Olympics and sustained commitments by the government to invest in infrastructure throughout the country have prompted BMI to revise up their growth outlook for South Korea's construction sector over the long term, with real growth for the industry averaging 1.5% per annum between 2012 and 2020 (previously 1.2%).
Key drivers from the past quarter include:
- In July 2011, the South Korean city of Pyeongchang won the right to host the 2018 Winter Olympics. This could bring contract opportunities and boost South Korea's commercial construction industry.
- In June 2011, South Korean state-run Korea Electric Power Corp. (KEPCO) announced plans to install eight new nuclear power units in order to increase its installed generation capacity by 11.2 gigawatts (GW). The move came despite several nations having withdrawn nuclear plans following the Fukushima Daiichi incident. However, KEPCO vice president Jang-Pyo Lee stated that more stringent safety measures would be implemented at new and existing facilities.
Companies Mentioned:
- Hyundai Engineering and Construction
- Doosan Heavy Industries & Construction
For more information visit http://www.researchandmarkets.com/research/e42ff9/south_korea_infras