Apgujeong Rolls Royce hit-and-run victim dies after 4 months in coma
Samsung sets up control tower for new growth drivers
South Korea warns tit-for-tat action over North Korea’s border buildup
12 foreigners nabbed on suspicion of drug use
Korea to start hiring E-9 visa foreign workers in restaurants
[Graphic News] S. Korea’s overseas construction orders rise 20%By Nam Kyung-don
Published : Sept. 27, 2023 - 08:01
Korean construction companies’ overseas orders increased 20 percent in the January to August period from a year earlier to exceed $20 billion, industry data showed.
Local builders obtained $21.9 billion in overseas orders between January and August, up from $18.3 billion over the same period last year, according to the International Contractors Association of Korea.
It marks the first time that the builders have received overseas projects worth over $20 billion in the first eight months of the year since 2018, when they scored $20.4 billion in overseas projects, the ICAK data showed.
The stellar performance was helped by Hyundai Engineering & Construction’s $5 billion deal in June with Saudi Arabia’s state oil firm, Aramco, to build a major petrochemical plant in the Middle Eastern country. (Yonhap)
Yoon apologizes to nation for failure to host 2030 World Expo
S. Korea may restore disarmed guard post: sources
Yoon orders increased defense of public digital infrastructure