In 2024, the gross domestic product (GDP) contributed by the construction sector in South Korea was approximately *** trillion South Korean won. The GDP from this sector showed overall growth until 2017 and started to decrease from the year after.
Construction industry in South Korea
In 2023, approximately ** construction permits were issued in South Korea. In 2023, the total construction costs amounted to over *** trillion South Korean won, the highest they have been in the last decade. According to the government construction capability evaluation, South Korea’s leading construction company was Samsung C&T (Construction and Trading). The government’s annual construction capability evaluation measures a company’s performance based on construction contracts, business management, technical capabilities, and brand credibility.
Construction overseas
South Korean construction companies also operate abroad, constructing industrial plants, public works, electric power plants, telecommunications facilities, and more. Overseas construction orders totaled over ** billion U.S. dollars in 2024. However, this figure remained below the value of orders recorded a decade earlier.Â
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Bank of Korea. (March 5, 2025). Gross domestic product (GDP) from the construction sector in South Korea from 1953 to 2024 (in trillion South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/756955/south-korea-gdp-from-the-construction-sector/
Bank of Korea. "Gross domestic product (GDP) from the construction sector in South Korea from 1953 to 2024 (in trillion South Korean won)." Chart. March 5, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/756955/south-korea-gdp-from-the-construction-sector/
Bank of Korea. (2025). Gross domestic product (GDP) from the construction sector in South Korea from 1953 to 2024 (in trillion South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/756955/south-korea-gdp-from-the-construction-sector/
Bank of Korea. "Gross Domestic Product (Gdp) from The Construction Sector in South Korea from 1953 to 2024 (in Trillion South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Mar 2025, /statistics/756955/south-korea-gdp-from-the-construction-sector/
Bank of Korea, Gross domestic product (GDP) from the construction sector in South Korea from 1953 to 2024 (in trillion South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/756955/south-korea-gdp-from-the-construction-sector/ (last visited July 25, 2026)
Gross domestic product (GDP) from the construction sector in South Korea from 1953 to 2024 (in trillion South Korean won) [Graph], Bank of Korea, March 5, 2025. [Online]. Available: /statistics/756955/south-korea-gdp-from-the-construction-sector/
