[Industry]“Construction investment to drop amid gov't plans to re…
페이지 정보작성자 최고관리자 작성일17-10-19 09:52 조회4,808회
Dear Valued Customers,
Please refer to the article on “Construction investment drops
due to reduced SOC spending”
“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.
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