"South Korea Infrastructure Report Q2 2015" Published

We do not expect a significant improvement in South Korea's construction real growth in 2015. This is primarily due to the country's weak macro fundamentals and poor export outlook that will affect residential and non-residential buildings respectively. On the other hand, greater potential for an increase in public infrastructure opportunities has boosted the outlook for infrastructure over the near term.

Some notable factors that affected infrastructure development in recent quarters were:

* As expected, South Korea's construction sector experienced a slowdown throughout 2014. Latest data from the Bank of Korea (BoK) showed that in seasonally adjusted terms, the construction industry grew by 0.7% year-on-year (y-o-y) in Q314, a seven-quarter low. Despite the muted outlook, we note that our construction growth forecast for 2014 is still significantly higher than the historical ten-year average (the sector contracted by an average of 0.26% per annum between 2004 and 2013 [based on 2010 prices]). This is because monetary conditions in South Korea remain relatively conducive for construction activity. To be sure, the BoK cut the benchmark base rate twice by a collective 50 basis points to 2.0% in H214. With economic momentum unlikely to pick up pace quickly, we expect monetary conditions to remain fairly accommodative.

Full Report Details at
- http://www.fastmr.com/prod/953242_south_korea_infrastructure_report_q2_2015.aspx?afid=301

The South Korea Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's South Korea Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Korean infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for South Korea to test other views - a key input for successful budgetary and planning in the Korean infrastructure market.
* Target business opportunities and risks in the Korean infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Korea.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

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