Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
Construction firms' domestic orders jump 35 pct in Nov.
By Shin Ji-hyePublished : Dec. 4, 2015 - 15:15
South Korean construction companies racked up 35 percent more domestic orders in October than a year earlier, aided by a continued recovery in the local property market, data showed Friday.
According to the data compiled by the Construction Association of Korea, local builders received 11.99 trillion won (US$10.3 billion) in October, which, however, represents a pullback from the previous month's record 20.41 trillion won worth of orders.
Of the orders tallied, they bagged 2.79 trillion won worth of orders from the public sector and 9.2 trillion won from the private sector.
Local builders have received a slew of plant orders from refiners and private power generators this year, and a boom in the housing market also helped jack up construction orders as well.
An association official predicted that this year's domestic orders may hit a record high on the back of increased public sector contracts as the government is enforcing its extra budget and pushing for social overhead capital spending. (Yonhap)
According to the data compiled by the Construction Association of Korea, local builders received 11.99 trillion won (US$10.3 billion) in October, which, however, represents a pullback from the previous month's record 20.41 trillion won worth of orders.
Of the orders tallied, they bagged 2.79 trillion won worth of orders from the public sector and 9.2 trillion won from the private sector.
Local builders have received a slew of plant orders from refiners and private power generators this year, and a boom in the housing market also helped jack up construction orders as well.
An association official predicted that this year's domestic orders may hit a record high on the back of increased public sector contracts as the government is enforcing its extra budget and pushing for social overhead capital spending. (Yonhap)
