South Korea's Korea Research Institute for Human Settlements warns that fiscal constraints will drive greater reliance on private investment in social infrastructure, as public SOC budgets face limits amid competing government spending priorities.
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National Territorial Research Institute Says Government SOC Budget Increase Unlikely, Private Sector Dependence Set to Rise
South Korea's Korea Research Institute for Human Settlements warns that fiscal constraints will drive greater reliance on private investment in social infrastructure, as public SOC budgets face limits amid competing government spending priorities.
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 industrial output rose 1.6% in June, missing market expectations, as gains in manufacturing and services were offset by a sharp 3.7% drop in facility investment, while construction rebounded after four months of declines.
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June Industrial Output Rises 1.6%—Falls Short of Market Expectations (Comprehensive)
South Korea’s industrial output rose 1.6% in June, missing market expectations, as gains in manufacturing and services were offset by a sharp 3.7% drop in facility investment, while construction rebounded after four months of declines.
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