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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
South Korea is among the top 10 countries in the world in terms of most developed transport and energy infrastructure. This is related to record-high public investment in expansion and modernisation of the national infrastructure. ...
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The gross value added (GVA) of South Korea’s construction sector accounted for 1.4% of the world construction GVA in 2015, and for 3.2% of that of the Asia-Pacific region’s construction industry. In 2015, the sector generated 5.1% of ...
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