building projects completed in 2010 shrink for first time in 11 yrs
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Last Updated : GMT 05:17:37
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Building projects completed in 2010 shrink for first time in 11 yrs

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Emiratesvoice, emirates voice Building projects completed in 2010 shrink for first time in 11 yrs

Seoul - Yonhap

Building projects completed by South Korean construction firms in 2010 declined for the first time in 11 years as demand remained low amid a prolonged housing market slump, a report showed Monday. According to the report by Statistics Korea, South Korean builders completed construction projects worth 214.53 trillion won (US$199.2 billion) last year, down 1.1 percent from the previous year. This marked the first on-year shrinkage since 1999.

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building projects completed in 2010 shrink for first time in 11 yrs building projects completed in 2010 shrink for first time in 11 yrs

 



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