South Korea Infrastructure Report Q3 2012
Business Monitor International, May 2012, Pages: 95
The 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: We continue to see an easing in the contraction of South Korea's construction activity in Q411 - an indication that construction activity is truly picking up in the country, despite a slowdown in economic growth. We are forecasting a return to positive growth for South Korea's construction sector, with real growth of 3.5% anticipated for 2012. This is an upward revision on an earlier forecast of 3.2%, primarily due to the material investments we have seen taking place in South Korea's infrastructure sector.
Key growth drivers include:
- In November 2011, the South Korean government announced plans to build a breakwater, power plant, observatory and a 200m tunnel on a disputed group of islets in the Sea of Japan. The facilities are to be built on the Liancourt Rocks, which have been a disputed territory between Japan and Korea since the end of the Second World War. Construction on the KRW400bn (US$345mn) project is scheduled to begin in 2013, with completion due for 2016.
- In January 2012, Korea Airports has announced that the US$284mn refurbishment of Jeju International Airport in South Korea will be completed by July 2012, reports airporttechnology. com. The project includes the expansion of the airport's runways and parking lots, the upgrade of its domestic departure terminal and the construction of a new international terminal. The expansion will increase the airport's annual handling capacity from 12mn to 23mn passengers, with the installation of a new electronic fingerprint scanning system to improve airport security.
- In March 2011, Japan-based companies Marubeni Corporation and Mitsubishi Heavy Industries (MHI) were jointly awarded contracts to provide equipment (turbines and generators) for three gas-based combined cycle power plants in South Korea. These power plants have a combined capacity of 3,800-megawatt and are to use MHI's top of the line J-Series gas turbine. All three contracts are to be carried out by Marubeni and MHI on a full turn-key basis, except for the Ulsan 4 project, which was awarded to South Korea-based construction company Daelim Industrial.
BMI Industry View 5
SWOT Analysis 6
South Korea Infrastructure SWOT 6
Market Overview 7
South Korea 7
Saturated Domestic Market 7
Domestic Expertise Enjoys Growing Overseas Presence 9
Overseas Funds See Potential 9
Table: South Korea EQS Data 10
Building Materials 11
Global 11
Asia 14
Cement Forecasts 19
Table: South Korea Cement Production and Consumption Data 19
Table: South Korea Cement Production and Consumption Data 19
Industry Forecast Scenario 20
Table: South Korea Construction And Infrastructure Industry Data 20
Table: South Korea Construction And Infrastructure Industry Data 21
Construction And Infrastructure Forecast Scenario 24
Table: Marubeni, Mitsubishi Heavy Industries - Orders Awarded In South Korea On March 22 2012 26
Transport Infrastructure 33
Table: South Korea Transport Infrastructure Industry Data 33
Table: South Korea Transport Infrastructure Industry Data 35
Transport Infrastructure Outlook and Overview 37
Table: Competitiveness Of South Korea's Infrastructure 40
Major Projects Table – Transport 41
Table: Key Projects - Transport 41
Energy And Utilities Infrastructure 44
Table: South Korea Energy and Utilities Infrastructure Industry Data 44
Table: South Korea Energy and Utilities Infrastructure Industry Data 45
Energy And Utilities Infrastructure Outlook and Overview 47
Table: Marubeni, Mitsubishi Heavy Industries - Orders Awarded In South Korea On March 22 2012 49
Major Projects Table – Energy And Utilities 51
Table: Key Projects – Energy And Utilities 51
Residential/Non-Residential Construction and Social Infrastructure 56
Table: South Korea Residential and Non-residential Building Industry Data 56
Table: South Korea Residential and Non-residential Building Industry Data 56
Residential/Non-Residential Building Outlook and Overview 57
Major Projects Table – Residential/Non-Residential Construction And Social Infrastructure 61
Table: Key Projects – Social Infrastructure & Construction 61
Risk/Reward Ratings 63
South Korea Risk/Reward Ratings 63
Rewards 63
Risks 64
Regional Overview 64
Asia Pacific Infrastructure Risk/Reward Ratings 64
Table: China, India, Indonesia - Bmi Interest Rate Views 66
Table: Emerging South East Asia - BMI Interest Rate Views 70
Table: Nearly Developed Asia - Bmi Interest Rate Views 71
Table: Regional Infrastructure Risk/Reward Ratings 73
Company Monitor 74
Hyundai Engineering and Construction 74
Doosan Heavy Industries & Construction 78
Methodology 88
Industry Forecasts 88
Construction Industry 89
Data Methodology 89
New Infrastructure Data Sub-sectors 89
Construction 91
Capital Investment 92
Construction Sector Employment 92
Infrastructure Risk/Reward Ratings 93
Table: Infrastructure Business Environment Indicators 94
Hyundai Engineering and Construction , Doosan Heavy Industries & Construction, ,
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