Building and construction industries are currently under such a big structural change. The number of both bankrupt firms and new entrants in the construction industry are simultaneously increasing.
The most dominant factors for such change are na increasing stock of unsold housing units and an influx of new firms into construction industry. The unsold housing stock reaching 125 thousand units are transforming the market from the traditional supplyer's market to buyer's one. Following the new issue of construction business license, the number of construction firms are now increase over 6 times than that in 1989. Together with the increasing number of bankrupt firms, some active government actions seem to be more strongly demanded.
To cope with such industry restructuring, the government mush not intervene directly in the market by subsidizing the industry by way of tax exemption, low interest loan. (The rest omitted)
- 건설업 경영실태 및 대책(Current business conditions of construction industry and policy directions)
- 이재우; 손경환
건설업 경영실태 및 대책(Current business conditions of construction industry and policy directions)
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Construction|