South Korea Infrastructure Report Q4 2009

Executive Summary .........................5
Market Overview...............................6
South Korea ................. 6
Global Overview ...............................9
Governments To The Rescue: The Global Surge In Infrastructure Spending............................... 9
Table: Infrastructure Stimulus Plans List ....... 10
SWOT Analysis...............................17
South Korea Infrastructure Industry SWOT.... 17
South Korea Political SWOT .......................... 18
South Korea Economic SWOT ........................ 19
South Korea Business Environment SWOT..... 20
Major Infrastructure Developments And Key Projects.....21
Transport Infrastructure Overview...................... 21
New And Ongoing Projects............................. 24
Airports...................... 24
Ports And Waterways...................................... 24
Road Networks........... 25
Rail Networks ............ 26
Table: Major Projects – Transport ................. 27
Energy And Utilities Infrastructure Overview...... 29
New And Ongoing Projects............................. 32
Power Plants And Transmission Grids ........... 32
Pipelines .................... 35
Water ......................... 36
Table: Major Projects – Energy And Utilities...................................... 37
Construction Overview ........................................ 39
New And Ongoing Projects............................. 41
Residential Construction................................. 41
Commercial Construction............................... 41
Industrial Construction................................... 41
Tourism Construction ..................................... 42
Table: Major Projects – Construction ............ 43
Special Events................. 45
Industry Forecast Scenario ............47
Table: Economic And Construction Data ....... 47
Business Environment ..................50
Regional Overview – Asia Pacific........................ 50
Table: Regional Infrastructure Business Environment Ratings............ 54
Limits Of Potential Returns............................. 55
Risks To Realisation Of Returns ..................... 55
Project Finance Ratings: Outlook For Asia Pacific.................................. 56
Table: Design And Construction Rating ......... 59
Table: Commissioning And Operating Rating ..................................... 60
Table: Overall Project Finance Rating........... 62
Foreign Direct Investment ................................... 63
Labour Force.................. 64
Legal Framework............ 66
Tax Regime ..................... 67
Corruption ...................... 67
Macroeconomic Outlook ................69
Political Outlook.............................71
Domestic Politics....... 71
North-South Relations..................................... 73
Company Monitor...........................77
Hyundai Engineering and Construction Co Ltd................................... 77
Doosan Heavy Industries & Construction Co...................................... 80
BMI Forecast Modelling.................83
How We Generate Our Industry Forecasts .......... 83
Construction Industry ..................................... 84
Sources ........................... 84
Business Environment Ratings............................. 85
Ratings Overview............ 85
Table: Infrastructure Business Environment Indicators ...................... 86
Project Finance Ratings Methodology................. 87
Table: Design And Construction Phase .......... 88
Historical Data & Forecasts........................... 89
Table: Commissioning And Operating Phase – Commercial Construction ............................... 90
Table: Commissioning And Operating Phase – Energy And Utilities ... 91
Table: Commissioning And Operating Phase – Transport................... 93