Last Year’s Domestic Construction Orders Edge Down Slightly—Residential Buildings Up 11%
South Korea’s construction orders slipped 1.24% in 2025 as civil engineering contracts plunged, while residential building orders surged 11.8%, signaling a sectoral shift amid regulatory headwinds and infrastructure investment.
South Korea’s domestic construction orders plunged 42% year-on-year in October, the steepest drop since January 2024, raising concerns that major builders may miss annual targets as both public and private sector contracts declined sharply amid holiday disruptions and a data center fire.
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Construction Output Posts Sharpest Decline in 27 Years—Down 18.6% Year-on-Year
South Korea’s construction sector saw output plunge 18.6% year-on-year as of July, the sharpest drop since 1998, with key indicators signaling continued weakness unless a recovery materializes.
Construction Orders Rebound in July After Four-Month Slump—Output and Employment Continue 15-Month Decline
South Korea’s construction orders rebounded in July on strong housing demand, but actual output and employment continued a record 15-month decline, highlighting persistent industry weakness.
South Korea’s top builders have secured over 30 trillion won ($22.6 billion) in urban redevelopment orders in 2025, led by Samsung C&T, with the “Big 3” accounting for more than half the market and deepening industry polarization.
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Major Builders’ Urban Redevelopment Orders Top 30 Trillion Won in 2025, Poised for Record High
South Korea’s top builders have secured over 30 trillion won ($22.6 billion) in urban redevelopment orders in 2025, led by Samsung C&T, with the “Big 3” accounting for more than half the market and deepening industry polarization.
Samsung C&T Wins Consecutive Redevelopment Contracts in Gangnam—Selected as Contractor for Samho Garden 5th Complex
Samsung C&T secures major Seoul redevelopment contracts, including Samho Garden 5th and Gaepo Woosung 7th, with total orders surpassing annual targets.
Samsung C&T’s share of domestic construction orders fell to the 1% range for the first time since 2016, as reduced high-tech projects from Samsung Electronics led to a sharp decline in new contracts, despite efforts to diversify into redevelopment and overseas markets.
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Samsung C&T’s Domestic Order Share Falls to 1% Range for First Time in Nine Years
Samsung C&T’s share of domestic construction orders fell to the 1% range for the first time since 2016, as reduced high-tech projects from Samsung Electronics led to a sharp decline in new contracts, despite efforts to diversify into redevelopment and overseas markets.
South Korea’s construction sector employment has fallen below 2 million for the first time since 2017, with 153,000 jobs lost over two years amid a housing market slump and declining construction orders.
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