Building And Construction In Asia Pacific > South Korea > South Korea

South Korea: Building and Construction in South Korea 2019-2023: September 2019 Update

A weak external environment, the downturn in the semiconductor sector and a generally sluggish domestic economy are impacting both business and consumer sentiment. The government has announced a record high US$423.7 billion budget for 2020 to support the country’s deteriorating economy which is facing rising uncertainty surrounding growth amid escalating trade conflicts between the US and China and its own dispute with Japan.​ This expenditure boost will help put a floor under the declining construction sector.

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