Minister Won Hee-ryong: "Let's Join Forces Between Government and Companies to Spark a Second Overseas Construction Boom"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Min-young] On the 30th, Won Hee-ryong, Minister of Land, Infrastructure and Transport, said, "Let the government and companies join forces to create a second overseas construction boom."

Minister Won made this remark in his welcoming speech at the '2022 Global Infrastructure Cooperation Conference (GICC)' held at the Shilla Hotel in Jung-gu, Seoul, saying, "Korean construction still boasts outstanding skills and competitiveness in overseas markets."

He stated, "Korea's proud construction infrastructure is a measure of the capabilities and technology of our construction companies," and evaluated, "Our construction companies, which have been active for over half a century, have been a strong pillar of the Korean economy and have successfully carried out monumental projects that will be remembered in the history of human civilization."

He mentioned major global projects undertaken by Korean companies, such as the 1983 Libya Great Man-Made River project, the 1994 Malaysia Petronas Towers, and the 2010 Burj Khalifa in the United Arab Emirates.

Minister Won said, "The world is entering a new normal era where opportunities and crises coexist," adding, "In this era of transition, it is essential for countries around the world to combine their strengths and competitiveness to create synergy effects for development."

He emphasized the importance of overseas construction in economic recovery. He said, "The new government is making every effort to overcome the economic crisis and build a Korea that runs again," and added, "The overseas construction sector cannot be excluded from efforts to revive the economy."

He continued, "We aim to comprehensively export K-Smart infrastructure, encompassing semiconductors, telecommunications, and culture, as well as traditional infrastructure sectors such as railroads, airports, and urban development, integrating cities and life, hardware and software," and added, "Korean companies and the government will become one team as Team Korea through public-private cooperation."

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