• Title/Summary/Keyword: Oversea Construction Market

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A Research on the Construction Market of the Democratic Republic of the Congo(DRC) and Investment Strategy of Korean Construction Enterprise (콩고민주공화국 건설시장 현황과 진출방안)

  • Lee, Jong-Gwang
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.115-118
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    • 2008
  • The promotion of overseas projects by construction enterprises has appeared as a way to overcome the current business difficulties of the Korean construction industry, which largely caused by the slow growth of the domestic market and the intensified competition among construction companies. The government has also shown considerable interests in the strategic approach of promoting construction projects by private companies in natural resource-rich countries, which helps the internationalization of Korean companies and the acouisition of natural resources. In this regard, this research examines the status of the construction market in the Democratic Republic of the Congo(DRC) whose potential economic growth is considered as significant, while exploring the appropriate Investment strategies of Korean construction enterprise. Since little appears to be known about the construction market and economic conditions of the DRC, after a documented review of the development trajectory of the country, a field investigation was preformed in June 2008 for obtaining information on the subjects. This research finds that the road construction is the area to fulfill the several important criteria of implementing construction projects in developing regions, including the safety/reliability for gaining investment profits, the possibility of implementing construction projects on the gradual basis, the possibility of using the facilities after the project completion, and the linkage between payment and the construction stages. In regard to the current economic situation of the DRC and the policies of the DRC government, a package deal approach, which contains the exchange of the infrastructure construction by the Korean companies and the provision of natural resources by the DRC government, is the most feasible method for Korean companies to promote their businesses in the DRC's construction market.

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An Analysis of Core Competence of Pre-construction Service of the Making Inroads into Oversea Construction Market (*for the Entry in the International Construction Business) (해외건설시장 진출을 위한 건설사의 Pre-construction Service 핵심역량 분석)

  • Byun, Il-Woo;Kim, Ye-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.2
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    • pp.80-90
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    • 2012
  • In 2011, the overall construction markets in KOREA are highly depressed due to decreases in orders of domestic construction markets in both private and public field. Also, we are losing competitive advantages over Chinese and Indian companies owing to the market shares on plant construction projects excessively. It is recognizable, under the circumstances that we are in interior position on high value technique to other advanced countries, that the orders of mega building and plant construction projects tend to be placed through the" Pre-construction Service", the importance of which has been emphasized domestically and internationally in recent time. However, current domestic construction companies show scarcity in understanding the general idea of the Pre-construction Service and fail in building proper structure of it. It is obvious that they cannot have any competent strategy to deal with Pre-construction Service. The Purpose of this paper is to analyze the core competence throughout preconstruction phase and, and make up for the weakness in the current pre-construction service process.

A Experimental Study on the Performance Test of Water Leakage Repair Materials for Water Expansion Acrylic Resin (아크릴 수지계 수팽창성 누수보수재의 재료적 성능평가에 관한 실험적 연구)

  • Hong Chae Han;Kim Su-Ryon;Kwak Kyu-Sung;Oh Sang-Keun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2005.05a
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    • pp.51-56
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    • 2005
  • It does not find for solution by limitation of technological mechanism of existent of leakage maintenance material. So, it is paid for huge expense because continuous repeat maintenance work is consisting. Furthermore, it is indicated by big problem in construction work that is constructed by field experience that thing by definite and systematic theory is not with proper performance test and analysis up to now. Therefore, wish to measure physical performance change by various environment condition maintenance of structure and performance construction work aspect in that apply to water leakage maintenance material using of acrylic resin system water expansion, leakage maintenance material in this research, and present suitable form of construction work under these environment. also, wish to ready diversified remedy by oversea market opening.

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Information System for Managing Cost Reimbursable Construction Projects (실비정산 비용지불 방식에 적용 가능한 건설 프로젝트 정보관리 시스템)

  • Kang, Namhee;Song, Hojeong;Kim, Hyunjung;Choi, Jaehyun
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.2
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    • pp.237-247
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    • 2015
  • The project management information system (PMIS) has recently been developed by using the information technology(IT) in order to implement advanced information management technology to construction industry in Korea. The PMIS has been applied not only to domestic construction projects, but also to some overseas projects executed by Korean construction companies. This study was performed to develop the PMIS that is tailored to the US construction IT market. It has been monopolized by the US-based IT companies, but other companies are recently emerging with competitive technology and market strategy. As a preceding study, existing commercially available systems were analyzed, and the required features of the PMIS were identified by analyzing the core elements of contract, process and cost management about construction projects in the US. Then, the PMIS was developed based on the aforementioned analysis results. The system includes the document management module with an internal electronic approval system, the cost-plus-based automatic labor cost calculation module, and the progress management module to support the integrated project cost management. In addition, the functionality of the developed system was verified by experts about construction management in the US via questionnaire survey. The developed PMIS, in this study, is expected to be applied not only to the US construction IT market as a system specialized for the US construction industry, but also to other oversea markets in the future.

Topic Modeling of News Article about International Construction Market Using Latent Dirichlet Allocation (Latent Dirichlet Allocation 기법을 활용한 해외건설시장 뉴스기사의 토픽 모델링(Topic Modeling))

  • Moon, Seonghyeon;Chung, Sehwan;Chi, Seokho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.38 no.4
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    • pp.595-599
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    • 2018
  • Sufficient understanding of oversea construction market status is crucial to get profitability in the international construction project. Plenty of researchers have been considering the news article as a fine data source for figuring out the market condition, since the data includes market information such as political, economic, and social issue. Since the text data exists in unstructured format with huge size, various text-mining techniques were studied to reduce the unnecessary manpower, time, and cost to summarize the data. However, there are some limitations to extract the needed information from the news article because of the existence of various topics in the data. This research is aimed to overcome the problems and contribute to summarization of market status by performing topic modeling with Latent Dirichlet Allocation. With assuming that 10 topics existed in the corpus, the topics included projects for user convenience (topic-2), private supports to solve poverty problems in Africa (topic-4), and so on. By grouping the topics in the news articles, the results could improve extracting useful information and summarizing the market status.

An analyze of oversea desalination plant order result (해외 해수담수화플랜트 수주현황 분석 및 연구)

  • Sohn, Jinsik;Yang, Jeongseok;Lee, Sunjae;Jang, Jinkoo;Lim, Jaehan;Kim, Dongha
    • Journal of Korean Society of Water and Wastewater
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    • v.22 no.3
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    • pp.337-342
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    • 2008
  • A population growth and industry advances are increasing the demand for water while improving the quality of life. By turning seawater into freshwater it is an alternative for the water shortage problem. The study analyzes the orders and makes suggestions on the outlook of an enterprise that can supply desalination plants both inside and outside the country. It compares the production capacity of enterprises in the desalination industry who deal with the thermal and RO methods. We compare 7 enterprises in the thermal method which includes Doosan Heavy Industries, and the top 10 enterprises in the RO method which includes General Electric Corp. Now that the markets in the Middle East have opened and markets in other regions are gradually growing, demand for water will grow especially in developing countries that are in the process of industrialization. Also, the market share of thermal method desalination has been falling, gradually, because too much energy is spent during the process. On the other hand, the market share of the RO method will rise from 37% in 2005 to 57% in 2015. Recently, the desalination market shows that changing from thermal method to RO method is the trend in the Middle East. Growth and demand in other regions are growing at the same pace as the Middle East. Due to this trend, if the RO system, which is highly effective and uses less energy, were to be continuously developed it would be possible to supply water using sea water and would be a viable alternative water resource.

The Application Scheme of Management of Technology for Strengthen the Competitiveness in Oil and Gas Plant Industry (오일.가스 플랜트 산업의 경쟁력 강화를 위한 기술경영 도입방안)

  • Song, Young-Woong;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.1 s.35
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    • pp.116-123
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    • 2007
  • Recently orders of project in the field of oil & gas plant have been increased due to raising oil prices and consumptions. Domestic oil & gas companies are expanding into the Middle East area and all over the world. In the field of oil & gas plant, it is important to manage a technical control and a license that is occurred when developing the manufacturing processes and technologies. Because the oil & gas market has a lot of executions of the oversea construction, competitions between the advanced companies is more important. Therefore, we have to adopt systematic management style for achievements of the technical competitive power and the higher position. However, domestic oil & gas plant companies have not enough competitive powers of the license and the design phase. So, they are faced with difficulties of adopting the technology which is maximizing the effect of investments and scheduling a long-range plan. To achieve the technology management and the competitive power, this study proposes a long-range plan through the analysis of execution methods for technology management.

A Study on Information Management Method through the Analysis of Industrial Engineering Basic Design (산업설비 기본설계 단계의 주요업무 분석을 통한 정보관리 방안 연구)

  • Lee, Doo-Hee;Song, Young-Woong;Choi, Yoon-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.543-547
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    • 2006
  • Recently domestic companies have been needed to securing competitive techniques due to increasing orders of plant industries in the oversea construction market. Although domestic engineering companies have been assessed competitive in the field of detail design, their high value-added basic design have evaluated uncompetitive. To manage efficiently various contents which occurred in works of design steps, the management method must be built. In this study, we have found the contents which required to management through the definition of main works and analysis of characteristics in the step of basic design. Then, we have suggested to Contents Classification System which reflected of work flows and relations among stakeholders. Proposed Contents Classification System will help us when requiring the proper documents, drawings, sheets and other information.

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On Promoting the Coastal Transport of Container (컨테이너 연안해송 활성화에 관한 연구 -부산항을 중심으로-)

  • Roh H.S.;Lee C.Y.
    • Journal of Korean Port Research
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    • v.7 no.1
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    • pp.43-58
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    • 1993
  • There has been fast progress in economy in Korea derived by a consecutive five-year plan program for economic development started in the early 1960's. In the field of transportation, rapid changes in the technological environment of transportation and communication have brought a revolution of the transport system, of which inter-modal transportation through containerisation is typical. Because of the rapidly growing traffic volumes of cargo, especially container traffic, and lack of investment into transport infrastructure in the past, both road and railway are beyond their capacity. As a result, the public-road network has suffered a serious congestion problem. For instance, in relation to the corridor between Seoul and Pusan, today, it takes about 14 hours for the journey of container trailer through Kyongbu Expressway, for which it used to take only 7 hours in 1986. For the railway, though the congestion problem is not very serious compared with the road sector, a shortage of capacity on certain main lines has emerged as a problem as railway traffic has increased. Furthermore, the further expansion of the system in near future is difficult due to burden of higher construction the cost. Unlike these two modes, coastal shipping, which has been paid relatively less attention for commodity transport in Korea, shows no constraint in this respect. In addition, it is the most cost efficient mode of transport. This work therefore aims to make a proposal for the alternative inland transportation mode, which is to promote the coastal transport of container. Three obstructing factors for the promotion of the coastal transport are investigated and some solutions for those are suggested as follows : First, it appears to be essential to provide exclusive ports for the coastal shipping, that comply with simplification, specialization and rationalization. The optimum size of berths on the exclusive ports in Pusan port is estimated as 16-20. We found that it needs periodical study and publicity on the advantages from the adoption of the coastal mode. Inducing competition in the coastal shipping market is also necessary. For the supply of the fleet in the coastal shipping, chartering of the surplus ships in the oversea shipping is found to be more desirable than new shipbuilding. Second, to solve the fragmentation of the companies which wish to participate in the coastal transport, government has to implement the subsidy policy. The encouragement of participation of the shipping lines engaging in Korea-Japan run and Korea-East South Asia run, into coastal shipping also needs to be considered cautiously. Third, simplification of the document for entry in ports is needed for rational coastal shipping management. We can use B/L (Bill of Lading) for coastal shipping as a prerequisite to get the indemnity by P & I Club. The reduction of the government controls on entering and leaving the ports also needs.

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