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KOR
Korean Contractors around the World

History

Period of Real Growth (2008~present)
  • Ranked 5th in the international construction market by occupying 7~8% of total contracting revenue for three consecutive years since 2014
  • Reached 700 bil. USD cumulative total of contracts in June, 2015
  • During 2009-2013, average contract amount reached 65 bil. USD
Period of Adjustment (1998 ~ mid of 2000s)
  • Intensive restructuring of construction industry due to financial crisis in Asia in 1998
  • Transition to higher value-added type of works from civil and architecture to plant
Period of Acceleration (mid 1990s ~ pre financial crisis in 1997)
  • Asian markets at the forefront of expansion
  • $14 billion in contracts, a record high, in 1997 just before financial crisis
Period of Depression (mid of 1980s ~ early of 1990s)
  • Sharp drop in contracts due to the recession in the Middle East
  • Awarded the 2nd phase of Great Man-Made River Project in Libya 1990 ($4.6 billion)
Period of Expansion and Maturity (late of 1970s ~ early of 1980s)
  • The first advance into Middle East market by winning Saudi Arabia road construction contract in Oct 1973
  • Achieved $10 billion in contracts won for three consecutive years and entered the top 2 in overseas construction powers
Period of Pioneering Days (1965 ~ mid of 1970s)
  • The first advance into overseas construction market by winning Thailand express way construction contract in Nov 1965
  • Southeast Asia construction based mostly on development loans and U.S. military projects
History of Korea´s Overseas Construction
2015.06
  • $700 billion
  • Turkmenistan, GTL(Gas toLiquid) Project('15. 4, 3.5 bil. USD)
  • Kuwait,New Refinery Project Package 1,2,3,5('15. 7, 4.7 bil. USD)
2013.12
  • $600 billion
  • Australia, Roy hill lron ore project('13.4, $5.9 billion)
  • Saudi Arabia, shuqaiq Steam Power Plant('13.8, $3.3 billion)
2012.06
  • $500 billion
  • Brazil, Steel Plant Complex('11.12, $4.39 billion)
  • Iraq, Bismayah new City Project('12.5, $7.75 billion)
2010.09
  • $400 billion
  • UAE, nuclear Energy Power Plant('09.12, $18.6 billion)
  • Myanmar, SHWE Field Development Project('10.2, $1.39 billion)
  • Iraq MOE HFO Diesel Power Plant Project('11.5, $2.95 billion)
2008.12
  • $300 billion
  • Qatar, Ras laffan CIWPP Project('08.12, $2.07 billion)
  • Egypt ERC Hydrocracker Project('10.2, $1.39 billion)
2006.02
  • $200 billion
  • Iran, South Pars Phase 1-10 Project('99~'05, $3.46 billion)
  • Mexico, Cadereyta Complex Project('97.11, $1.34 billion)
1993.04
  • $100 billion
  • Saudi Arabia, Jubail Industria Harbour Project('99~'05, $3.46 billion)
  • Libya, Great Man-made River Project('83.11, $3.62 billion)
1965.11
  • The First Advance
  • Thailand, Pattani-Narathiwat Highway('65.11, $5.4million)