René Muschter
Research Expert covering Industry & Mobility
Construction materials industry in South Korea - statistics & facts
The construction industry is one of both high-risk and high returns. It often feels the harsh consequences of shocks in related markets, such as in real estate, and is highly sensitive to changes in the global supply chain. The South Korean construction industry is marked by several leaders and a developed construction materials market. However, as living standards have changed over time, so have demands for the types of buildings constructed and the materials required for their construction. Indeed, external factors like climate change and updated environmental safety standards have mandated significant changes in the construction materials market.
