Project Appraisal & Risk Management
The ICAK carries out project appraisals and prepares reports at the request of financial institutions for bond
issuance + fund raising for Korean contractors. This enables financial institutions tosupport profitable projects and
assist Korean contractors in implementing projects successfully.
It has carried out a comprehensive study of risks that can be incurred during overseas construction activities.
As a result, an On-line risk management system is open to member companies.
Risk management assignment is strengthened by organizing human resources specialized by work classification
and construction management resources.
The ICAK also plays a vital role for Small Medium Enterprises by coordinating bond issuance with financial
Finally, it serves as a means of promoting the overseas construction industry and encouraging sound development
of member companies.