Construction in South Korea - Key Trends and Opportunities to 2018

Published: Sep, 2014 | Pages: 87 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the 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 within 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 the leading operators in South Korean construction industry
Data highlights of the largest construction projects in South Korea 

Summary
The value of the South Korean construction industry increased at a compound annual growth rate (CAGR) of 2.43% during the review period (2009-2013). Growth was supported by private and public investments in infrastructure, industrial and commercial construction projects. Much of the country's industrial and economic success can be credited to the country's commitment to infrastructure development. According to the World Economic Forum's Global Competitiveness Report 2013?2014, South Korea's infrastructure ranked 23rd in a list of 148 global economies. The industry is expected to be supported by the government's focus on infrastructure and residential construction over the forecast period (2014?2018), which will improve investor sentiment alongside the country's hosting of the 2018 Winter Olympic Games and an anticipated recovery of the global economy. The industry is anticipated to post a forecast-period CAGR of 3.96%. 
Scope
This report provides a comprehensive analysis of the construction industry in South Korea. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in South Korea using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within 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 
Reason 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 
Key Highlights
 The country's energy infrastructure construction is expected to be supported by the government's plans to develop nuclear energy, increasing its usage to half of the total energy consumption by 2022. South Korea has plans to increase the use of nuclear energy from 29.2% of total energy consumption in 2012 to 43.4% by 2022, and 59.0% by 2030. Accordingly, the total nuclear power installed capacity is expected to increase by 59.0%, going from 20.7GWe in 2012 to 32.9GWe by 2022. In accordance with this plan, 18 new nuclear power plants are proposed to be constructed by 2030, with an anticipated investment of KRW40-50 trillion (US$32-40 billion). With such an increase in the capacity of nuclear energy, substantial investments in the power sector are expected to drive growth of the energy infrastructure over the forecast period.
Significant investments are being made in the country's infrastructure in order to improve its quality, effectiveness and coverage, as well as maintaining its transport network. In 2013, the South Korean government announced its plan to invest KRW124.0 trillion (US$108.6 billion) on various road, rail and other transportation infrastructure development projects across the country.
The commercial construction market will be supported by a number of hotel and resort development projects. 20th Century Fox, one of the six major American film studios, is planning to construct a KRW3.8 trillion (US$3.5 billion) new 75-acre theme park in Changwon City, which is expected to be completed in 2018. Moreover, the French hotel group Accor SA is in the process of constructing a 300-room hotel in Seoul, which is expected to be completed in 2016.
South Korea's housing market showed signs of recovery towards the beginning of 2014. According to the KOSIS, the housing purchase price index grew by 1.4% in the first quarter of 2014, when compared to the first quarter of 2013. The largest increase in house prices was recorded in Daegu, where prices grew by 15.6% in the first quarter of 2014 compared to the previous year, while house prices in Gwangju, Chungbuk, Ulsan and Incheon rose by 7.1%, 5.9%, 5.6% and 5.0% respectively during the same period.
South Korea is investing in the expansion of its healthcare infrastructure, in order to meet the rising concerns of its growing population. According to the KOSIS, the proportion of the population aged 65 years and above increased from 7.2% in 2000 to 11.8% in 2012, and is expected to reach 15.7% in 2020 and 24.3% by 2030. Moreover, the population's median age increased from 31.8 in 2000 to 39.1 in 2012, and is projected to reach 43.4 by 2020 and 48.5 by 2030. A larger elderly population will put pressure on existing resources and facilities, as well as creating conditions for an increase in investments in new and refurbished healthcare buildings.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Samsung C&T Corporation
8.1 Samsung C&T Corporation - Company Overview
8.2 Samsung C&T Corporation - Business Description
8.3 Samsung C&T Corporation - Main Services
8.4 Samsung C&T Corporation - History
8.5 Samsung C&T Corporation - Company Information
8.5.1 Samsung C&T Corporation - key competitors
8.5.2 Samsung C&T Corporation - key employees
9 Company Profile: Hyundai Engineering & Construction Co., Ltd
9.1 Hyundai Engineering & Construction Co., Ltd - Company Overview
9.2 Hyundai Engineering & Construction Co., Ltd - Business Description
9.3 Hyundai Engineering & Construction Co., Ltd - Main Services
9.4 Hyundai Engineering & Construction Co., Ltd - History
9.5 Hyundai Engineering & Construction Co., Ltd - Company Information
9.5.1 Hyundai Engineering & Construction Co., Ltd - key competitors
9.5.2 Hyundai Engineering & Construction Co., Ltd - key employees
10 Company Profile: Daelim Industrial Co., Ltd
10.1 Daelim Industrial Co., Ltd - Company Overview
10.2 Daelim Industrial Co., Ltd - Business Description
10.3 Daelim Industrial Co., Ltd - Main Products and Services
10.4 Daelim Industrial Co., Ltd - History
10.5 Daelim Industrial Co., Ltd - Company Information
10.5.1 Daelim Industrial Co., Ltd - key competitors
10.5.2 Daelim Industrial Co., Ltd - key employees
11 Company Profile: GS Engineering & Construction Corporation
11.1 GS Engineering & Construction Corporation - Company Overview
11.2 GS Engineering & Construction Corporation - Business Description
11.3 GS Engineering & Construction Corporation - Main Services
11.4 GS Engineering & Construction Corporation - History
11.5 GS Engineering & Construction Corporation - Company Information
11.5.1 GS Engineering & Construction Corporation - key competitors
11.5.2 GS Engineering & Construction Corporation - key employees
12 Company Profile: SK Engineering & Construction Co., Ltd
12.1 SK Engineering & Construction Co., Ltd - Company Overview
12.2 SK Engineering & Construction Co., Ltd - Business Description
12.3 SK Engineering & Construction Co., Ltd - Main Services
12.4 SK Engineering & Construction Co., Ltd - History
12.5 SK Engineering & Construction Co., Ltd - Company Information
12.5.1 SK Engineering & Construction Co., Ltd - key competitors
12.5.2 SK Engineering & Construction Co., Ltd - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - 20th Century Fox/PoG - Changwon Theme Park - Gyeongsangm-do
Table 3: Commercial Construction Project 2 - SMC - Yongsan Bus Termil Redevelopment - South Korea
Table 4: Commercial Construction Project 3 - Landing Intertiol/Genting - Resorts World Jeju - South Korea
Table 5: Industrial Construction Project 1 - OCI - Saemangeum Production Factory - North Jeolla Province
Table 6: Industrial Construction Project 2 - Samsung - Saemangeum Green Energy Industrial Park - North Jeolla
Table 7: Industrial Construction Project 3 - SKH - Icheon New Chip Plants - Gyeonggi-do
Table 8: Infrastructure Construction Project 1 - MLTM - GTX High-speed Rail System - Gyeonggi Province
Table 9: Infrastructure Construction Project 2 - KR - Hom High-speed Railway - South Korea
Table 10: Infrastructure Construction Project 3 - MoLIT - Second Gyeongbu Expressway - South Korea
Table 11: Institutiol Construction Project 1 - GGP - Gyeongsangbukdo Nuclear Research Center - South Korea
Table 12: Institutiol Construction Project 2 - Hanjin/IMC - Hanjin Medical Complex - South Korea
Table 13: Institutiol Construction Project 3 - EUMC - Magok Ewha Womans Hospital - Seoul
Table 14: Residential Construction Project 1 - SLC - Songdo Landmark City Block A4 - Sudogwon
Table 15: Residential Construction Project 2 - NSIC - Songdo IBD Residential Block D17 - South Korea
Table 16: Residential Construction Project 3 - Yongsan - The Cloud Residential Towers - Seoul
Table 17: Samsung C&T Corporation, Key Facts
Table 18: Samsung C&T Corporation, Main Services
Table 19: Samsung C&T Corporation, History
Table 20: Samsung C&T Corporation, Key Employees
Table 21: Hyundai Engineering & Construction Co., Ltd, Key Facts
Table 22: Hyundai Engineering & Construction Co., Ltd, Main Services
Table 23: Hyundai Engineering & Construction Co., Ltd, History
Table 24: Hyundai Engineering & Construction Co., Ltd, Key Employees
Table 25: Daelim Industrial Co., Ltd, Key Facts
Table 26: Daelim Industrial Co., Ltd, Main Products and Services
Table 27: Daelim Industrial Co., Ltd, History
Table 28: Daelim Industrial Co., Ltd, Key Employees
Table 29: GS Engineering & Construction Corporation, Key Facts
Table 30: GS Engineering & Construction Corporation, Main Services
Table 31: GS Engineering & Construction Corporation, History
Table 32: GS Engineering & Construction Corporation, Key Employees
Table 33: SK Engineering & Construction Co., Ltd, Key Facts
Table 34: SK Engineering & Construction Co., Ltd, Main Services
Table 35: SK Engineering & Construction Co., Ltd, History
Table 36: SK Engineering & Construction Co., Ltd, Key Employees
Table 37: South Korean Construction Output by Project Type (KRW Million), 2009-2013
Table 38: South Korean Construction Output by Project Type (KRW Million), 2013-2018
Table 39: South Korean Construction Output by Cost Type (KRW Million), 2009-2013
Table 40: South Korean Construction Output by Cost Type (KRW Million), 2013-2018
Table 41: South Korean Construction Output by Activity Type (KRW Million), 2009-2013
Table 42: South Korean Construction Output by Activity Type (KRW Million), 2013-2018
Table 43: South Korean Construction Value Add by Project Type (KRW Million), 2009-2013
Table 44: South Korean Construction Value Add by Project Type (KRW Million), 2013-2018
Table 45: South Korean Commercial Construction Output by Project Type (KRW Million), 2009-2013
Table 46: South Korean Commercial Construction Output by Project Type (KRW Million), 2013-2018
Table 47: South Korean Commercial Construction Output by Cost Type (KRW Million), 2009-2013
Table 48: South Korean Commercial Construction Output by Cost Type (KRW Million), 2013-2018
Table 49: South Korean Commercial Construction Output by Activity Type (KRW Million), 2009-2013
Table 50: South Korean Commercial Construction Output by Activity Type (KRW Million), 2013-2018
Table 51: South Korean Commercial Construction Value Add by Project Type (KRW Million), 2009-2013
Table 52: South Korean Commercial Construction Value Add by Project Type (KRW Million), 2013-2018
Table 53: South Korean Industrial Construction Output by Project Type (KRW Million), 2009-2013
Table 54: South Korean Industrial Construction Output by Project Type (KRW Million), 2013-2018
Table 55: South Korean Industrial Construction Output by Cost Type (KRW Million), 2009-2013
Table 56: South Korean Industrial Construction Output by Cost Type (KRW Million), 2013-2018
Table 57: South Korean Industrial Construction Output by Activity Type (KRW Million), 2009-2013
Table 58: South Korean Industrial Construction Output by Activity Type (KRW Million), 2013-2018
Table 59: South Korean Industrial Construction Value Add by Project Type (KRW Million), 2009-2013
Table 60: South Korean Industrial Construction Value Add by Project Type (KRW Million), 2013-2018
Table 61: South Korean Infrastructure Construction Output by Project Type (KRW Million), 2009-2013
Table 62: South Korean Infrastructure Construction Output by Project Type (KRW Million), 2013-2018
Table 63: South Korean Infrastructure Construction Output by Cost Type (KRW Million), 2009-2013
Table 64: South Korean Infrastructure Construction Output by Cost Type (KRW Million), 2013-2018
Table 65: South Korean Infrastructure Construction Output by Activity Type (KRW Million), 2009-2013
Table 66: South Korean Infrastructure Construction Output by Activity Type (KRW Million), 2013-2018
Table 67: South Korean Infrastructure Construction Value Add by Project Type (KRW Million), 2009-2013
Table 68: South Korean Infrastructure Construction Value Add by Project Type (KRW Million), 2013-2018
Table 69: South Korean Institutiol Construction Output by Project Type (KRW Million), 2009-2013
Table 70: South Korean Institutiol Construction Output by Project Type (KRW Million), 2013-2018
Table 71: South Korean Institutiol Construction Output by Cost Type (KRW Million), 2009-2013
Table 72: South Korean Institutiol Construction Output by Cost Type (KRW Million), 2013-2018
Table 73: South Korean Institutiol Construction Output by Activity Type (KRW Million), 2009-2013
Table 74: South Korean Institutiol Construction Output by Activity Type (KRW Million), 2013-2018
Table 75: South Korean Institutiol Construction Value Add by Project Type (KRW Million), 2009-2013
Table 76: South Korean Institutiol Construction Value Add by Project Type (KRW Million), 2013-2018
Table 77: South Korean Residential Construction Output by Project Type (KRW Million), 2009-2013
Table 78: South Korean Residential Construction Output by Project Type (KRW Million), 2013-2018
Table 79: South Korean Residential Construction Output by Cost Type (KRW Million), 2009-2013
Table 80: South Korean Residential Construction Output by Cost Type (KRW Million), 2013-2018
Table 81: South Korean Residential Construction Output by Activity Type (KRW Million), 2009-2013
Table 82: South Korean Residential Construction Output by Activity Type (KRW Million), 2013-2018
Table 83: South Korean Residential Construction Value Add by Project Type (KRW Million), 2009-2013
Table 84: South Korean Residential Construction Value Add by Project Type (KRW Million), 2013-2018
Table 85: Timetric Construction Market Definitions