Arab Today, arab today number of south korean builders shutting down increases for third straight year in 2013
Last Updated : GMT 12:31:20
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Arab Today, arab today

Number of South Korean builders shutting down increases for third straight year in 2013

Arab Today, arab today

Arab Today, arab today Number of South Korean builders shutting down increases for third straight year in 2013

Seoul - Yonhap

The number of local construction companies shutting down rose for the third straight year in 2013, as South Korea struggles with stagnant market conditions, a report said Thursday. According to the report by the Construction Association of Korea (CAK), the total number of builders in the country as of late last month fell to 59,265, a 1 percent dip compared to the year before. The 612 net drop comes after numbers that peaked at 60,588 in 2010.

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