• Title/Summary/Keyword: Korean Construction Firms

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A COMPARATIVE ANALYSIS ON EFFICIENCY AND TOTAL FACTOR PRODUCTIVITY IN CONSTRUCTION FIRMS BETWEEN KOREA AND JAPAN

  • J.L. Park;S.S. Kim;D.J. Kwark;J.G. Park;J.H. Kim;J.J. Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.315-320
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    • 2013
  • The aim of this study is to compare efficiency and Total Factor Productivity(TFP) between Korean and Japanese construction firms in Korea and Japan over the period of 2005-2011. The results of this study are as follows. Efficiency scores of Korean construction firms are 0.797, and Japanese construction firms are 0.921. Second, annual total factor productivity growth of Korean construction firms is 0.5% and technical progress do much for TFP decrease. However Japanese construction firms marked annual increasing of 2.5% of TFP. Third, technical progress contributed in TFP increase of construction firms in Korea. Korean construction firms, however, relatively lagged behind Japanese construction firms in technical progress. Therefore, Korean construction firms need strategies to achieve technical advances including adopting new technology or process innovation to maintain competitiveness, survive, and develop in the future competition with Japan.

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Measuring Relative Efficiency of Korean and Japanese Construction Firms Using Data Envelopment Analysis (자료포락분석을 이용한 한국과 일본 건설기업의 상대적 효율성 분석)

  • Choi, Jae-Kyu
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.2
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    • pp.217-226
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    • 2015
  • The aim of this study is to compare relative efficiency Korean and Japanese construction firms over the period of 2000-2013, and to analysis relative efficiency using Data Envelopment Analysis (DEA). This study employs DEA in analyzing of 7 Korean construction firms and 8 Japanese construction firms using 2 input and 1 output variables. The efficiency results of this study is temporarily lowered due to IT Bubble Decay and Global Financial Crisis. The efficiency of Korean construction firms from 2000-2001 is lower Japanese construction firms, but the efficiency of Korean construction firms from 2002-2013 is higher Japanese construction firms. These results mean that the management of Korean construction firms were operating more efficiently than Japanese construction firms.

A Study on the Selection of Waterproofing Construction Firms using Fuzzy-AHP Model (퍼지 계층분석 모형을 이용한 최적 방수 시공업체 선정에 관한 연구)

  • Shin, Jin-Hak;Lee, Sun-Gyu;Song, Je-Young;Oh, Sang-Keun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.11-14
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    • 2012
  • The category for waterproofing is one of construction process most affected by falling-off in price competitiveness, construction quality, and material performance. Therefore, in order to select of waterproofing construction firms, it is necessary to consider Incorporating both price competitiveness and construction quality. In this article, I would like to analyze 10 Factors for Selecting using fuzzy-AHP model, including the survey of the waterproofing experts. This fuzzy-AHP model can be shown to calculate the fuzzy trigonometrical function to reflect weights for preference of 10 factors for the waterproofing construction firms. It was found from the result that waterproofing construction firms was searched order of priority for select by fuzzy-AHP model.

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Revitalization of the Korean Small/Medium Sized Construction Firms for Venturing into International Market (국내 중소규모 건설업체들의 해외진출 활성화에 관한 연구)

  • Chung, Yeon-Il;Park, Hee-Dae;Kim, Du-Yon;Han, Seung-Heon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.402-407
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    • 2006
  • The small/medium sized firms have big part and affect a national economy in the world. They underestimated in market until now make big change by standing out in international market. The Korean small/medium sized firms also get out of a domestic market stagnated and try to make inroads into international market. Especially, the Korean small/medium sized construction firms have very huge potentiality in international market globalized rapidly. But, the role of these firms actually have been insignificant in international market until now. This paper tried to present the alternatives to revitalize the overseas expansion of the Korean small/medium sized construction firms which have the potentiality. It analyzed the international contract trend of advanced construction firms to classify each group by using ENR data from 1996 to 2005, and presented the new standard of the Korean small/medium sized construction firms according to international contract portion, data, and legal bases. Finally, it used the expert interview method to refer to the revitalization of making inroads into international market.

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Capability Evaluation for Improving Competitiveness of the Korean Construction Firms

  • Kwon, Nahyun;Park, Moonseo;Lee, Hyun-Soo;Son, Bo-sik;Jang, HyounSeung;Kim, Jin-Woo
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.746-747
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    • 2015
  • Recently, Korea has achieved accumulated total value of orders of six hundred billion dollars in international construction market, and it is facing a new turning point by entering the overseas construction market. However, according to the statistics on the current internal construction market, the accumulated value of orders has been mainly obtained by plant projects in the Middle-East area. To improve international competitiveness of Korean construction industry, it is required to expand and diversify the target areas and construction business sectors. To expand markets, each construction firm should establish the expansion strategy and assess the capability which includes the strength and weakness of their firm. Therefore, this research aims to evaluate the capability of the Korean construction firms for overseas expansion. Through the research, Korean construction industry is expected to strengthen competitiveness toward the overseas markets. Furthermore, this research contributes to expanding and diversifying markets for domestic construction firms.

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Measuring Efficiency of Korean Apartment Construction Firms using DEA (DEA 모형을 이용한 국내 아파트 건설기업(상장기업)의 효율성 분석)

  • Kim, Jong-Ki;Kang, Da-Yeon
    • The Journal of the Korea Contents Association
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    • v.8 no.7
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    • pp.201-207
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    • 2008
  • The bankruptcy possibility of apartment construction firms has been incresed because of the environment of current apartment construction industry. This paper analyzes the efficiency of apartment construction firms using DEA model. We evaluate the CCR, BCC efficiency and RTS of 25 apartment construction firms. We also suggest the apartment construction firms which can be benchmarked based on analyzed information. The result shows that four enterprises whose values of CCR efficiency are 1, and ten enterprises whose values of BCC efficiency are 1. RTS indicates IRS of 21 firms and CRS of 4 firms.

A Study on the Regression Models of Success and Failure of Tenders for Plant and Construction Exports (플랜트 및 건설수출 입찰의 성공 및 실패모델에 관한 연구)

  • You, Kyou-Yeol
    • Journal of the military operations research society of Korea
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    • v.29 no.1
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    • pp.88-111
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    • 2003
  • This paper is to suggest strategic options for improving the export performance of the plant and construction industry. The overall objective of this study is to explore the feasibility of a sustained export performance in the plant and overseas construction industry by an analysis of its international competitiveness and technological competence. The empirical work of this study relates to a chosen sample of Korean and non-Korean firms in the plant and construction industry sector. Primary data was collected through a comprehensive questionnaire survey administered to plant and construction firms in twelve countries, including Korea. The actual number of firms for which full information at a sufficient level of disaggregation was obtained was 62, a response rate of 44.6%. Of these, 42 firms were drawn from Korean plant and construction firms and the remaining 20 firms from 11 other countries. The structure of responding firms by industry shows a total of 29 plant exporters and 33 construction firms. Data analysis was carried out using SPSS statistical technique such as Multiple Regression in order to examine the linear relationship among variables. The findings of the study indicate that export success and failure in plant and construction export markets is determined by firm size and by various qualitative variables. The high export volume (export success) of Plant and construction exporters is more strongly influenced by mutual economic cooperation and number of employees than by sales volume and competent knowledge of the plant and construction markets. It was also found that weak political and diplomatic relation between countries, low sales volume and lack of bid experience have an adverse effect and represent serious barriers to exports.

A STUDY ON THE TECHNOLOGY LEVEL AND ITS DEVELOPMENT STAGE OF KOREAN CONSTRCUTION INDUSTRY (우리 나라 건설산업의 기술수준 및 기술개발 단계와 건설기술발전 방향)

  • 박병무;이태식
    • Journal of Technology Innovation
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    • v.2 no.1
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    • pp.170-190
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    • 1994
  • The importantce of a development of competitiveness in domestic construction industry is growing as some of domestic construction markets is scheduled to open to foreign competing firms with higher level of construction technology and management. A national level of competitiveness in domestic construction industry and firms are partially, but significantly, affected by a technology level and a characteristics of production pattern. The purpose of the study is mainly to analyze and identify a technology level, production pattern and a development stage of R&D activities of domestic construction industry and firms. Based on these findings the study draws on a concluding remarks and derives technology policy implications. Results of analysis in the study impliy that (1) competitiveness of domestic construction firms(industry) in terms of technology level is relatively weak as compare to that of advanced foreign competing firms, (2) degrees of substitution of capital for labor are seemed to be relatively high, (3) R&D (investment) activities of domestic construction firms are generally spread out in forms of import, adjustment and betterment, and (4) only a small number of big domestic construction firms are seemed to afford to R&D investment for research facilities and equipments, but not enough for higher level of R&D man-power. The study suggests that technology policy for construction industry should be based on a fundamental policy directions. For example the increase in size and heightened quality level of R&D man-power should be placed in a top priority in policy agenda. Sound and specific policy items should be developed for planning and design, and maintenace and inspection technology in order to lead domestic industry to compete with foreign firms with full strength.

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Prospects on Changing Business Structure in the Korean Construction Industry (건설업 업역구조 변화에 관한 연구)

  • Lee Seok-Jae;Kim Kyung-Rai;Yu Jin-Keun;Kim Dae-Ho
    • Korean Journal of Construction Engineering and Management
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    • v.2 no.2 s.6
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    • pp.37-46
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    • 2001
  • Business boundaries of firms in the construction industry are strictly regulated in Korea. Under the current law, firms involved in construction processes are classified into five categories; general contractors, specialty contractors, architects' offices, engineering firms, and specialized in inspection. Among these types of firms, general contractors are prohibited to enter into specialty contractor's market and vice versa by the basic law in the construction industry. Also general contractors are not allowed to provide architectural services. The purpose of the law is to prohibit unlicensed companies from entering the construction market and to protect customers. However, the law causes critical problems e.g. low efficiency of production and rent creation. Therefore, we identify problems concerning business boundaries of firms in the construction industry and predict structural changes in the them when they are liberalized. So we surveyed general contractors and specialty contractors in Korea to estimate the effects of the liberalization on the construction industry. Most of contractors point to the enhancement of production efficiency as the motivation to integrate other construction process. If current regulations, which limit firms' decisions on business boundaries, are eliminated, firms will choose optimal business scopes taking into account types of contracts adopted by the Government for public works. Based on the cost/benifit analyses, they will decide whether to intergrate other production processes or not.

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A Strategic Cooperation Scheme Between Construction Engineering Firms and Design Subcontractors (건설엔지니어링업체와 설계협력사간의 전략적 제휴방안)

  • Kim Hyun-Jun;Park Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.248-251
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    • 2002
  • The cooperative relation between construction engineering firms and design subcontractors is essential to establish design collaboration system. So, this study is initiated with providing a strategic cooperation scheme between construction engineering firms and design subcontractors. A number of literatures related to the design process for engineering firms were reviewed in order to investigate the design collaboration system. A questionnaire survey was peformed to collect and analyze the expert opinion on the current design collaboration system for engineering firms. It is expected that the cooperation scheme can be utilized to improve the cooperative relation between construction engineering firms and design subcontractors.

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