TY  - JOUR
T1  - A Study of Korean Companie’s Ordering Competitiveness in
International Construction Markets
AU - Min, Sun-Woong AU - Lee, Jong-Il 
JO  - Journal of Engineering and Applied Sciences
VL  - 14
IS  - 5
SP  - 1451
EP  - 1456
PY  - 2019
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2019.1451.1456
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2019.1451.1456
KW  - Overseas construction
KW  -world economy
KW  -competitive power
KW  -overseas construction ordering
KW  -ordering strategy
KW  -domestic construction
AB  - In the industrializing period focusing on export, overseas construction business was enhanced by
the government’s strong supportive system and the Middle East economic boom of 1970’s. It played its role
of locomotive in export industry for the economic development of Korea. But after 1997 in which Korea had to
experience the IMF crisis, overseas construction business has once taken fundamental restructuring due to the
lowered national credit. In the 2000, a tremendous growth was achieved due to the sudden increase of ordering
amount for planting in the Middle Asia. Meanwhile, the growth has become shrunk, since, the financial crisis
of 2008. Besides, the amount of overseas ordering which focuses on additional value-oriented investment and
development, radically decreased because domestic construction companies mainly grew on bulk-based
ordering setting the total amount for construction when contracted which is harmful for contractors. For
ensuring ordering amount, watching over fast-changing situations of world construction markets it is required
to recheck the methodology for improving ordering competitive power based on Korean construction
technology and know-how. Therefore, after reviewing current ordering situations and prospects of Korean
construction companies in domestic and international construction markets based on various reference
materials and literature this research analyzes problems in ordering related to Korean construction companies
and finally suggests strategic methods to enhance competitive ordering power of Korean construction
companies in overseas markets. It is expected that from now on, based on strategic methods together with
extensive Korean companie’s experience and technology, Korean companies make their way through oversea
markets. Furthermore, objective research overcoming conceptual level should be fulfilled for every
constructional type in overseas markets.
ER  -