building projects completed in 2010 shrink for first time in 11 yrs
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

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

Arab Today, arab today

Arab Today, arab today 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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