South Korea Construction Market is predicted to reach USD 389.89 Billion by 2030

According to the study by Next Move Strategy Consulting, the South Korea Construction Market size is predicted to reach USD 389.89 billion, at a CAGR of 3% by 2030.

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Increasing investments in infrastructure activities are significantly boosting the construction market in South Korea.

The construction market is undergoing a significant transformation through the integration of digitalization and the adoption of Building Information Modeling (BIM). Advanced technologies like BIM are enhancing efficiency, accuracy, and collaboration across diverse projects.

The market players operating in the South Korea infrastructure industry include Samsung C&T Corporation, Hyundai Engineering & Construction Co., Ltd., Daewoo E&C, GS E&C, SK Engineering & Construction Co., Ltd., Lotte Engineering & Construction Co., Ltd., Hanjin Heavy Industries & Construction Co., Ltd., POSCO Eco & Challenge, DL E&C, Doosan, and others.