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The Korean construction industry as an exporter of services (English)

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  • The Korean construction industry as an exporter of services (English)
  • Kim, Sooyong
  • World Bank (WB)


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Title The Korean construction industry as an exporter of services (English)
Similar Titles
Material Type Articles
Author(English)

Kim, Sooyong

Publisher

World Bank (WB)

Date 1988
Language English
File Type Link
Subject Territorial Development < Transport/Logistics

Abstract

This article analyzes the experience of the overseas construction industry in the Republic of Korea in the 1970s and 1980s, emphasizing the factors that made Korean construction firms competitive in the world market. Korean construction exports to the Middle East and the roles of Korean workers, entrepreneurs, and the government are examined. Recent erosion of Korea's competitiveness in labor-intensive construction in the Middle East is discussed in relation to the need to develop expertise in design and engineering projects and to increase access to construction markets in developed countries through bilateral or multilateral trade negotiations. The importance of the issue of labor movement in the current Uruguay Round negotiations in services trade is emphasized.