South Korea Infrastructure Report Q4 2012: New Research Report Available At Fast Market Research

New Construction market report from Business Monitor International: "South Korea Infrastructure Report Q4 2012"

by Bill Thompson

(WireNews+Co) - Boston, MA - 23 October 2012

BMI View: We have maintained our 2012 growth outlook for South Korea's construction sector at 3.5%. This is because Q112 data has supported our views on South Korea's construction sector, with the sector on the path to recovery. However, our outlook for the construction sub-sectors - infrastructure, residential and non-residential - have changed slightly, with infrastructure not performing as well as expected and non-residential construction performing better than anticipated.

Key growth drivers include:

- In March 2011, Japan-based companies Marubeni Corporation and Mitsubishi Heavy Industries (MHI) were jointly awarded contracts to provide equipment (turbines and generators) for three gas-based combined cycle power plants in South Korea. These power plants have a combined capacity of 3,800 megawatts (MW) and are to use MHI's top of the line J-Series gas turbine. All three contracts are to be carried out by Marubeni and MHI on a full turn-key basis, except for the Ulsan 4 project, which was awarded to South Korea-based construction company Daelim Industrial.
- In May 2012, South Korea started construction on two new nuclear reactors that use locally made components for all their critical systems. The reactors, to be built at the Uljin power plant in North Gyeongsang Province, will be based on the Advanced Power Reactor design that can generate 1,400MW of electricity, according to the Ministry of Knowledge Economy.
- In June 2012, South Korea's President Lee Myung-bak launched the construction of a direct high-speed rail line to connect Wonju in Southeast Seoul with the east coast city of Gangneung on June 1 2012. The 120.3km line is scheduled for completion in 2017. The double-track electrified route will cost KRW3.9trn (US$2.67bn), which is to be met by public sources. The line will also serve the Pyeongchang region, which will host the 2018 Olympic Winter Games. The line will allow trains to travel at a speed of 250km/h and significantly cut journey times between Seoul and Gangneung.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/456348_south_korea_infrastructure_report_q4_2012.aspx) (http://www.fastmr.com/prod/456348_south_korea_infrastructure_report_q4_2012.aspx)

Fast Market Research (http://www.fastmr.com) is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.  For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.