机构研究报告-Construction in South Korea-外文版培训课件

INDUSTRIES

&

MARKETSConstructioninSouthKoreaCHAPTER

01OverviewGrossdomesticproduct(GDP)fromtheconstructionsectorinSouthKoreafrom2011to2023(intrillionSouthKoreanwon)GDPfromtheconstructionsectorSouthKorea2011-202310094.3791.7489.1489.3789.5188.19908070605040302010085.986.0881.1776.4275.2972.572.1720112012201320142015201620172018201920202021202220233Description:In2023,thegrossdomesticproduct(GDP)contributedbytheconstructionsectorinSouthKoreawasapproximately89.5trillionSouthKoreanwon.TheGDPfromthissectorshowedoverallgrowthuntil2017andstartedtodecreasefromtheyearafter.TheGDPfromconstructionpeakedataround94.37trillionSouthKoreanwonin2017.ReadmoreNote(s):SouthKorea;2011to2023;realGDPSource(s):BankofKorea;KOSISCostofconstructioninSouthKoreafrom2014to2023(intrillionSouthKoreanwon)TotalconstructioncostsSouthKorea2014-2023600500400490.51439.93390.94386.74374.31376.39378343.15320.47312.18300200100020142015201620172018201920202021202220234Description:In2023,thetotalcostsofconstructioninSouthKoreaamountedtoover490trillionSouthKoreanwon,thehighestithasbeeninthelastdecade.Costsofconstructionhavegenerallyincreasedinthepastseveralyears.

ReadmoreNote(s):SouthKorea;2014to2023Source(s):KOSISTotalcostsofconstructioninSouthKoreain2023,bysector(intrillionSouthKoreanwon)TotalcostsofconstructionSouthKorea2023,bysectorCostofconstructionintrillionSouthKoreanwon050100150200250300350Generalconstruction318.55SitepreparationandfoundationworksElectricalandcommunication62.9843.35Buildingcompletionandfinishing35.6Installingbuildingequipment30.035Description:In2023,thetotalcostsofgeneralconstructioninSouthKoreaamountedtoaround318.6trillionSouthKoreanwon.Inthefieldofspecializedconstruction,thesectordealingwithsitepreparationandfoundationworksawthehighestcosts,ataround63trillionwon.ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;StatisticsKoreaNumberofconstructionpermitsinSouthKoreafrom2011to2023(in1,000s)NumberofconstructionpermitsSouthKorea2011-2023300275.57270.81265.45263.68239.8425020015010050236.8237.03230.93232.43225223.39201.32150.47020112012201320142015201620172018201920202021202220236Description:In2023,approximately150,469constructionpermitswereissuedinSouthKorea,adecreasefromthepreviousyear.Figureshaveseenasteadydeclinesince2018.

ReadmoreNote(s):SouthKorea;2011to2023Source(s):KOSIS;MinistryofLand,InfrastructureandTransport(SouthKorea)TotalcostsofconstructioninSouthKoreain2023,bysizeofmarketcapitalization(inbillionSouthKoreanwon)TotalcostsofconstructionSouthKorea2023,bycapitalizationCostsinbillionSouthKoreanwon020,00040,00060,00080,000100,000120,000140,000160,000180,000200,000220,000Lessthan100

150.47100to499500to999102,224.3677,510.821,000to9,99910,000ormore111,980.88198,640.927Description:In2023,thetotalcostofconstructionforconstructionenterpriseswithamarketcapitalizationofovertenbillionSouthKoreanwoninSouthKoreaamountedtoover198trillionSouthKoreanwon.Thatyear,thetotalcostsofconstructioninSouthKoreastoodatabout490trillionSouthKoreanwon.ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;StatisticsKoreaNumberofemployeesintheconstructionindustryinSouthKoreain2023,byactivity(in1,000s)NumberofworkersintheconstructionindustrySouthKorea2023,byactivityNumberofemployeesinthousands0100200300400500600700GeneralconstructionSitepreparationandfoundationworksElectricalandcommunication635.52469.1285.3BuildingcompletionandfinishingInstallingbuildingequipment214.7205.678Description:In2023,theSouthKoreanconstructionindustryemployedatotalofaround1.8millionworkers.Thelargestshareofemployeesworkedinthegeneralconstructionsector,ataround635,500workers.Withinspecializedconstructionactivities,approximately470,000peopleinconstructionworkedinsitepreparationandfoundationwork.ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;StatisticsKoreaCHAPTER

02ResidentialsectorNumberofconstructionpermitsforresidentialbuildingsinSouthKoreafrom2011to2023(in1,000s)NumberofconstructionpermitsforresidentialuseSouthKorea2011-2023140130.49124.79116.36120100806040200101.8999.0798.998.6193.5982.8774.4272.5770.8749.17202320112012201320142015201620172018201920202021202210Description:In2023,approximately49,000constructionpermitsforresidentialbuildingswereissuedinSouthKorea.Thatyear,thetotalnumberofconstructionpermitsissuedwasaround150.000.Residentialpermitswerethesecond-mostcommontypetobeissuedthatyear,followingbehindcommercialusebuildings.ReadmoreNote(s):SouthKorea;2011to2023Source(s):KOSIS;MinistryofLand,InfrastructureandTransport(SouthKorea)NumberofhousingconstructionpermitsinSouthKoreafrom2013to2023(in1,000s)NumberofhousingconstructionpermitsSouthKorea2013-20239008007006005004003002001000765.33726.05653.44554.14545.41521.79515.25487.98457.51440.12428.742013201420152016201720182019202020212022202311Description:In2023,approximately429thousandhousingconstructionpermitswereissuedintotalinSouthKorea.Thisrepresentsadeclinefromthepreviousyear.Constructionpermitsissuedforhousingpeakedin2015atover765.3thousand.

ReadmoreNote(s):SouthKorea;2013to2023Source(s):KOSIS;MinistryofLand,InfrastructureandTransport(SouthKorea)NumberofhousingconstructionpermitsinSouthKoreain2023,byhousingsize(in1,000s)NumberofhousingconstructionpermitsinSouthKorea2023,byhousingsizeConstructionpermitsinthousands200

250050100150300350400450500TotalBelow4040-60428.7427.1890.9860-85225.8385-13566.76Over1351812Description:In2023,around430,000constructionpermitswereissuedinSouthKorea.Mostwereissuedforhousingunitsrangingfrom60to85squaremetersinsize,atover225,000permits.

ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;MinistryofLand,InfrastructureandTransport(SouthKorea)NumberofunsoldhousingunitsinSouthKoreafrom2011to2023(in1,000s)NumberofunsoldhousingSouthKorea2011-20238074.8469.8168.1170605040302010062.4961.5161.0958.8457.3356.4147.840.3819.01202017.7120212011201220132014201520162017201820192022202313Description:In2023,therewereover62,400unsoldhousingunitsinSouthKorea,asignificantincreasefromtwoyearspriorThenumberofunsoldhousingunitshadbeensteadilydecreasingbefore2022.

ReadmoreNote(s):SouthKorea;2011to2023Source(s):KOSIS;MinistryofLand,InfrastructureandTransport(SouthKorea)NumberofhousingunitsinSouthKoreain2023,bytype(in1,000s)AccommodationsinSouthKorea2023,bytypeNumberofhousingunitsinthousands02,0004,0006,0008,00010,00012,00014,000ApartmentsStand-alonehouses12,631.613,861.38Multiplexhousing2,303.09Rowhouses538.67Housinginnon-residentialbuildings211.5514Description:In2023,thereweremorethan12.6millionresidentialapartmentunitsinSouthKorea.Thiswasoutofatotalofaround19.5millionresidentialunits,makingthesethemostcommontypesofresidentialunitsinSouthKorea.Thesecond-mostcommontypeofhousingwerestand-alonehouses.ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;StatisticsKoreaCHAPTER

03EmploymentPercentageofindustrialaccidentvictimsper100employeesinSouthKoreafrom2010to2023IndustrialaccidentrateSouthKorea2010-20230.8%0.69%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0.0%0.66%0.65%0.65%0.63%0.59%0.59%0.58%0.57%0.54%0.53%0.5%0.49%0.48%2010201120122013201420152016201720182019202020212022202316Description:In2023,theindustrialaccidentrateinSouthKoreawas0.66percent,upslightlyfromthepreviousyear.Theratehasfallensteadilyoverthepasttwodecades,buthasbeenrisingagainsince2018.

ReadmoreNote(s):SouthKorea;2010to2023Source(s):MOEL(SouthKorea);StatisticsKoreaNumberofdeathsfromindustrialaccidentsinSouthKoreafrom2014to2023FatalworkaccidentsSouthKorea2014-20232,5002,0002,2232,1422,0802,0622,0202,0161,9571,8501,8101,7771,5001,0005000201420152016201720182019202020212022202317Description:In2023,around2,000workersinSouthKoreadiedinwork-relatedaccidents,markingadecreaseinthenumberofsuchtypesofdeathsfromthepreviousyear.Whilenumbershavedroppedsincethesestatisticswerefirstcollectedin1999,SouthKorea'swork-relatedfatalityrateremainsoneofthehighestintheworld.ReadmoreNote(s):SouthKorea;2014to2023Source(s):MOEL(SouthKorea);StatisticsKoreaManpowerdemandintheconstructionindustryinSouthKoreafrom2022to2024(in1,000people)ConstructionindustrymanpowerdemandSouthKorea2022-20241,8001,552.21,561.41,541.71,6001,4001,2001,000800600400200020222023202418Description:TheconstructionindustryinSouthKoreaisestimatedtoneedmorethan1.56millionworkersby2024.ThenumberofworkersindemandintheSouthKoreanconstructionindustryhasincreasedinthelastyears.

ReadmoreNote(s):SouthKorea;2022to2024Source(s):CERIK;MinistryofLand,InfrastructureandTransport(SouthKorea)RateofworkersatisfactionintheconstructionindustryinSouthKoreain2023,bytopicConstructionindustryjobsatisfactionSouthKorea2023,bytopicConstruction63.7%Allindustries58.3%70%64.6%64.7%61.7%57.7%60%50%40%30%20%10%0%57.1%56.7%55.8%53.1%51.1%49.3%47.1%44.9%JobprospectsEducationandtrainingopportunitiesWelfarebenefitsWorkWorkinghoursSalaryWorkingenvironment19Description:WithintheSouthKoreanconstructionindustry,workershadthehighestsatisfactionwiththeirjobprospectscomparedtoallotheraspectsoftheirwork,witharounda62percentsatisfactionratein2023.ConstructionworkersinSouthKoreareportedrelativelylowerworksatisfactionineveryaspectcomparedtothesatisfactionrateaverageofallindustriesinthecountrythatyear.ReadmoreNote(s):SouthKorea;2023Source(s):MinistryofLand,InfrastructureandTransport(SouthKorea);StatisticsKoreaShareofworkersintheconstructionindustryinSouthKoreain2023,byageConstructionworkershareSouthKorea2023,byage40%35%30%25%20%15%10%33.4%24.5%21.2%13.4%7.6%5%0%10to29years30to39years40to49years50to59years60yearsandolder20Description:Workersbetweentheagesof50and59madeupmorethanone-thirdofallworkersintheconstructionindustryinSouthKoreain2023.MorethanhalfofallconstructionworkersinSouthKoreathatyearwereaged50yearsorolder.

ReadmoreNote(s):SouthKorea;2023Source(s):MinistryofLand,InfrastructureandTransport(SouthKorea);StatisticsKoreaCHAPTER

04OverseasconstructionTotalvalueofoverseasconstructionordersbySouthKoreanbuildersfrom2015to2024(inbillionU.S.dollars)TotalvalueofoverseasconstructionordersSouthKorea2015-20245046.14540353025201510537.1135.133.332.13130.62928.222.30201520162017201820192020202120222023202422Description:In2024,thetotalvalueofSouthKorea'soverseasconstructionordersamountedtoover37billionU.S.dollars,anincreasefromthepreviousyear.However,thiswasstillbelowthevalueofordersseen10yearsprior.

ReadmoreNote(s):SouthKorea;2015to2024Source(s):ICAK;MinistryofLand,InfrastructureandTransport(SouthKorea)TotalvalueofSouthKorea'soverseasconstructionordersfromASEANcountriesbetween2014and2023(inbillionU.S.dollars)TotalvalueofSouthKorea'sconstructionordersfromASEAN2014-20231411.931210810.8910.818.788.7986.626.436.3642.6220201420152016201720182019202020212022202323Description:In2023,thetotalvalueofSouthKorea'soverseasconstructionordersfromASEANcountriesamountedtoapproximately2.6billionU.S.dollars.ConstructionordersfromASEANcountrieshaveseenanoveralldeclineinthelastdecade.

ReadmoreNote(s):SouthKorea;2014to2023Source(s):ASEAN-KoreaCentre;ICAKValueofoverseasconstructionordersbySouthKoreanbuildersin2024,byregion(inmillionU.S.dollars)OverseasconstructionordersvalueSouthKorea2024,byregionOrdersinmillionU.S.dollars02,0004,0006,0008,00010,00012,00014,00016,00018,00020,00018,494.21MiddleEastAsia7,111.71Europe5,047.21PacificandNorthAmericaCentralandSouthAmericaAfrica4,694.51,516.97249.6924Description:TotaloverseasconstructionordersfromtheMiddleEastthatwerereceivedbySouthKoreanconstructioncompanieswerevaluedataround18.5billionU.S.dollarsin2024.ThismadetheMiddleEastthetopregionforoverseasconstructionordersworldwideforSouthKoreanconstructioncompaniesthatyear.ReadmoreNote(s):SouthKorea;2024Source(s):ICAK;MinistryofLand,InfrastructureandTransport(SouthKorea)ValueofoverseasconstructionordersbySouthKoreanbuildersin2024,bytype(inmillionU.S.dollars)OverseasconstructionordersvalueSouthKorea2024,bytypeOrdersinmillionU.S.dollars10,000

15,00005,00020,00025,00030,000IndustrialfacilitiesArchitectureServices24,295.265,238.563,810.15Electricity1,991.491,725.2CivilengineeringTelecommunications

53.6225Description:SouthKoreanbuildersreceivedaround24billionU.S.dollarsworthofordersforindustrialfacilitiesoverseasin2024.Thiswasfollowedbythearchitecturalsector,withapproximately5.2billiondollars.

ReadmoreNote(s):SouthKorea;2024Source(s):ICAK;MinistryofLand,InfrastructureandTransport(SouthKorea)CHAPTER

05KeyplayersLeadingconstructioncompaniesinSouthKoreain2024,byestimatedbuildingcapacity(intrillionSouthKoreanwon)LeadingconstructioncompaniesSouthKorea2024,bybuildingcapacityBuildingcapacityintrillionSouthKoreanwon05101520253035SamsungC&T31.85HyundaiE&C17.94DaewooE&C11.71HyundaiEngineering9.989.499.169.11DLE&CGSE&CPOSCOE&CLotteE&C6.475.375.13SKecoplantHDC(HyundaiDevelopmentCompany)27Description:In2024,SamsungC&T(ConstructionandTrading)wasrankedastheleadingSouthKoreanconstructioncompanybyestimatedconstructioncapability.Thegovernment’sannualconstructioncapabilityevaluationmeasuresacompany’sperformancebasedonconstructioncontracts,businessmanagement,technicalcapabilities,andbrandcredibility.Basedonthisyear’sevaluation,Samsung’sbuildingcapacitywasmeasuredasapproximately32trillionSouthKoreanwon,almost[...]

ReadmoreNote(s):SouthKorea;July31,2024Source(s):MinistryofLand,InfrastructureandTransport(SouthKorea)SamsungC&TCorporation'sconsolidatedsalesrevenuefrom2014to2023(intrillionSouthKoreanwon)SamsungC&TCorporation'ssalesrevenueSouthKorea2014-20235045403543.1641.934.4631.1630.7630.2229.283025201510528.113.3420155.13020142016201720182019202020212022202328Description:In2023,thesalesrevenueofSamsungC&TCorporation(Construction&TradingCorporation)amountedtoaround42trillionSouthKoreanwon,adecreaseofaroundonetrillionwonfromthepreviousyear.SamsungC&TCorporationwasthe15thlargestcompanyinSouthKoreain2021,accordingtotheFortuneGlobal500ranking.ReadmoreNote(s):Worldwide,SouthKorea;2014to2023;consolidatedSource(s):DART;SamsungC&TCorporationHyundaiE&C'ssalesrevenuefrom2014to2023(intrillionSouthKoreanwon)HyundaiE&C'ssalesrevenue2014-2023353029.652521.2419.2318.83201510518.0717.2817.2816.8916.7316.970201420152016201720182019202020212022202329Description:In2023,HyundaiEngineeringandConstructionCo.,Ltd.(HyundaiE&C)hadaround30trillionSouthKoreanwoninsalesrevenue.Salesrevenuehaddroppedtoalowof16.73trillionwonin2018beforerisingagain.

ReadmoreNote(s):SouthKorea;2014to2023;consolidatedSource(s):DART;HyundaiE&CSalesrevenueofGSEngineering&ConstructionCo.,Ltd.from2014to2023(intrillionSouthKoreanwon)GSE&C'ssalesrevenue2014-20231613.44141210813.1412.311.6811.0410.5710.4210.129.499.046420201420152016201720182019202020212022202330/statistics/1060592/south-korea-gs-eandc-sales-per-yearIn2023,SouthKoreanen