Construction Industry New Year's Meeting... "We Must Transform into a Competitive Advanced Industry"

Prime Minister Lee Nak-yeon: "Intense Competition Among Korea, China, and Japan... Need to Enhance Industrial Competitiveness"

Prime Minister Lee Nak-yeon is cutting sirutteok at the New Year's gathering of construction workers held on the afternoon of the 3rd at Lotte Hotel Seoul, attended by chairpersons of construction organizations and representatives of the construction industry. (Photo by Yonhap News)

[Asia Economy Reporter Moon Jiwon] Key figures in the construction industry gathered on the 3rd at Lotte Hotel in Sogong-dong, Seoul, for the '2020 Construction Industry New Year's Meeting,' pledging to unite their efforts to transform the construction industry into a competitive advanced industry.

The New Year's meeting, hosted by the Korea Federation of Construction Associations to mark the Year of the Rat, was attended by over 1,000 people, including Prime Minister Lee Nak-yeon, Minister of Land, Infrastructure and Transport Kim Hyun-mi, National Assembly Land, Infrastructure and Transport Committee Chair Park Soon-ja, heads of construction organizations, related agency leaders, and representatives of construction companies.

Prime Minister Lee said, "Externally, the rise of Southeast Asia and the Middle East's post-oil policies will undoubtedly open new avenues for our construction industry," adding, "Above all, I hope our construction industry regains vitality in the new year."

He continued, "Competition among Korea, China, and Japan will intensify further in Southeast Asia and the Middle East," emphasizing, "We must prepare for this by enhancing the competitiveness of our construction industry."

Yoo Joo-hyun, President of the Korea Federation of Construction Associations, stated in his New Year's address, "The construction industry is facing difficulties due to the domestic economic growth rate slowdown, global uncertainties, and deteriorating profitability," and added, "The construction industry must also be reborn as a competitive advanced industry."

President Yoo said, "We have shed the old garment of the negative image of 'construction workers' and have been reborn as 'construction business operators,'" emphasizing, "To gain trust and love from the public, we must continuously strive for self-purification, practice clean ethical management, and devote ourselves wholeheartedly to ensuring public safety."

This content was produced with the assistance of AI translation services.