Browse the complete Report on: South Korea Infrastructure Report Q4 2010
Browse All - Business Monitor International Market Research Reports
Like many of its peers, South Korea is currently on an economic cusp as it wavers between inexorable, self-sustained growth and potential stagnation as stimulus spending winds down. The country’s economy grew by 2.1% in Q110, which was faster than many expected, but a weakening in the construction industry slowed the pace of growth to 1.5% in Q210. Although the drop in the growth rate was not by an alarming amount, it does stoke fears that the economic growth may not yet be self-sufficient and that the winding down of stimulus spending may have been disastrously premature. However, BMI remains bullish on the South Korea’s construction sector in the long-term, with growth of 2.54% expected in 2010 to KRW70,386bn (US$60.28bn), similar to pre-crisis levels.
Recent developments impacting our view include:
New historic data for South Korea's construction industry have prompted a revision in our forecasts for the construction sector and its two subsectors – infrastructure, and residential and non-residential building. Based on these forecasts, infrastructure will continue to outperform, overtaking residential and non-residential building in terms of contribution to overall construction industry value by the end of our forecast period – 2014.
Initial impressions suggest that the stimulus plan has been successful and should continue to drive growth in the infrastructure sector as it was designed to be long-sighted. Indeed, some of the investment plans are to take place over 10 years, indicating that value creation will continue in the sector over the coming years, and definitely until the end of our forecast period – 2014 ! The country is continuing its early-stage efforts to move away from reliance on oil as its major industry is expected to spend a combined KRW22,400bn (US$18.5bn) by 2013 on alternative energy projects, such as solar technology.
BMI expects the infrastructure sector to out-perform over the forecast period. Real growth will hit 11.2% in 2010 and remain an average annual rate of 9% from 2011 to 2014, bringing the total sector value to KRW50.6trn (US$50.61bn). South Korea’s business environment score has also risen this quarter sending the country into first place in BMI’s rankings for the Asia Pacific region. Overall, the country continues to perform well thanks to a tightly regulated business environment, and continuing strong growth in areas such as infrastructure.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Browse All - Business Monitor International Market Research Reports
Like many of its peers, South Korea is currently on an economic cusp as it wavers between inexorable, self-sustained growth and potential stagnation as stimulus spending winds down. The country’s economy grew by 2.1% in Q110, which was faster than many expected, but a weakening in the construction industry slowed the pace of growth to 1.5% in Q210. Although the drop in the growth rate was not by an alarming amount, it does stoke fears that the economic growth may not yet be self-sufficient and that the winding down of stimulus spending may have been disastrously premature. However, BMI remains bullish on the South Korea’s construction sector in the long-term, with growth of 2.54% expected in 2010 to KRW70,386bn (US$60.28bn), similar to pre-crisis levels.
Recent developments impacting our view include:
New historic data for South Korea's construction industry have prompted a revision in our forecasts for the construction sector and its two subsectors – infrastructure, and residential and non-residential building. Based on these forecasts, infrastructure will continue to outperform, overtaking residential and non-residential building in terms of contribution to overall construction industry value by the end of our forecast period – 2014.
Initial impressions suggest that the stimulus plan has been successful and should continue to drive growth in the infrastructure sector as it was designed to be long-sighted. Indeed, some of the investment plans are to take place over 10 years, indicating that value creation will continue in the sector over the coming years, and definitely until the end of our forecast period – 2014 ! The country is continuing its early-stage efforts to move away from reliance on oil as its major industry is expected to spend a combined KRW22,400bn (US$18.5bn) by 2013 on alternative energy projects, such as solar technology.
BMI expects the infrastructure sector to out-perform over the forecast period. Real growth will hit 11.2% in 2010 and remain an average annual rate of 9% from 2011 to 2014, bringing the total sector value to KRW50.6trn (US$50.61bn). South Korea’s business environment score has also risen this quarter sending the country into first place in BMI’s rankings for the Asia Pacific region. Overall, the country continues to perform well thanks to a tightly regulated business environment, and continuing strong growth in areas such as infrastructure.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
