Construction Contract Amount in Q2 This Year Reaches 76 Trillion Won... 19.4% Increase Compared to Previous Year

Private Sector 61.6 Trillion Won... 23.9% Increase
Capital Region 40 Trillion Won, 20.8% Growth Year-on-Year

The construction contract amount for the second quarter of this year was recorded at 76 trillion won, an increase of 19.4% compared to the same period last year.

The Ministry of Land, Infrastructure and Transport announced on the 4th that the construction contract amount for the second quarter of this year was 76 trillion won, based on an analysis of the construction contract amounts reported to the Construction Industry Integrated Information Network (KISCON).

Specifically, the contract amount for public construction projects ordered by the central government, local governments, and public institutions was 14.4 trillion won, a 3.1% increase compared to the same period last year. On the other hand, the private sector recorded 61.6 trillion won, a sharp increase of 23.9% during the same period.

By construction type, the contract amount for civil engineering (including industrial facilities and landscaping) increased by 6.9% compared to the same period last year, reaching 14.8 trillion won, driven by growth in railroads and ports.

In the case of architecture, commercial buildings and other buildings such as factories and workshops increased, recording 61.2 trillion won, up 22.8% compared to the same period last year.

By company ranking, the top 1 to 50 companies accounted for 31.2 trillion won in contracts, which is a 20.6% increase compared to the same period last year.

Companies ranked 51 to 100 recorded 5.6 trillion won, and those ranked 101 to 300 recorded 6.1 trillion won, increasing by 41.4% and 42.6% respectively, showing a larger growth rate than the top companies. Companies ranked 301 to 1,000 recorded 5.5 trillion won, a 2.2% decrease, while other companies recorded 27.5 trillion won, a 15.2% increase.

By region, the construction contract amount in the Seoul metropolitan area was 40 trillion won, up 20.8% compared to the same period last year. Non-metropolitan areas recorded 36 trillion won, an increase of 17.8%.

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