South Korea Construction Industry Report 2024-2028: Technological and Public Sector Contributions, Strategic Vendor Analysis, Market Dynamics and Opportunities [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Yahoo! Finance
A comprehensive report elucidates the anticipated expansion of South Korea's construction market, which is expected to see a remarkable increase by USD 48.1 billion over the period of 2023-2028, with a steady compound annual growth rate (CAGR) of 4.37%. This data underscores the robust growth drivers in the region and the potential for enduring market development. Drivers of Growth The construction industry in South Korea is experiencing a notable upswing driven by several key factors. Among these are the growing demand for modular housing, the rising adoption of dry construction techniques, and the increasing number of smart cities within the region. Collectively, these elements contribute to a dynamic market environment poised for substantial growth. Market Segmentation Insights The report segments the South Korea construction market into various categories, including type, end-user, and geographical landscape. By type, the market is bifurcated into private and public secto
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