[Industry]“Construction investment to drop amid gov't plans to re…

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작성자 최고관리자 작성일17-10-19 09:52 조회2,421회
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Dear Valued Customers,

 

Please refer to the article on Construction investment drops

due to reduced SOC spending

as follows:

 

Construction investment to drop amid gov't plans to reduce SOC spending: report

 

SEOUL, Oct. 19 (Yonhap) –

Investment growth in South Korea's construction sector

will likely slow down next year before declining in 2019,

a report said Thursday, amid plans by the government

to scale back on infrastructure building in the coming years.

 

The Moon Jae-in administration announced plans in August

to curtail spending in social overhead capital (SOC)

by an average 7.5 percent annually for the coming five years

to divert more money into the social welfare budget.

 

 

For further detailed article, please refer to the source link below 

 

 

Source: http://english.yonhapnews.co.kr/business/2017/10/19/0501000000AEN20171019002700320.html

 

 

Thank you.   

 

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