• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.234-238
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• 2007

Since the plant industry is a total business, it has great impact on the related industries and generates high value. However, in order to have a competitive engineering skills and capabilities, the plant industry requires long-term investment and a continuous strategic planning at the consortium level or national level. Also, a system needs to be established to share the information of the plant industry's overseas orders awarded and success factors. Thus, this study has conducted a survey and case study of the plant construction in foreign countries. Statistical analysis was performed and a basic data structure was built as a means of improving the future technological capabilities of the plant industry.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.37 no.2
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• pp.427-435
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• 2017

Korea's overseas construction awards reached US $750 bn for more than 50 years since it first entered the market in 1966. In particular, the company won US $540 bn over 10 years from 2007, achieving 72% of the total contracts. However, in recent two years, awarded amounts have decreased by 40% each year. The most significant decline is due to the impact of international oil prices, which have plummeted since end of 2014, as oil-producing nations, which are Korea's major target countries, are struggling to cancel or postpone infrastructure orders. In order to lessen the impact of raw material price fluctuations, the recent trend is that even countries with relatively loose government financing conditions are rapidly changing their ordering methods to investment development forms such as PPP. The Korean government and companies have been already preparing for this for several years, but they are still not doing so well. The main reason is the lack of understanding about the investment development type project, especially financing methods and the aggravated fear of exposing it to various risks due to the characteristics of the development project, which takes a long time to collect the investment. In this paper, I propose a more systematic solution to financial process and risk management, which is recognized as a obstructive factor for Korean companies, in line with the recent government-led establishment of overseas infrastructure development support organizations. I would like to serve as a investment guide.