Arab Today, arab today global financial turmoil not to seriously impact korean builders
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Global financial turmoil not to seriously impact Korean builders

Arab Today, arab today

Arab Today, arab today Global financial turmoil not to seriously impact Korean builders

Seoul - Yonhap

The global financial turmoil stemming from the downgrade of the U.S. credit rating will nag South Korean builders in the short-term, but not affect them considerably in the mid and long-term, a report said Wednesday. The global financial crisis will contract Asian countries\' construction markets, where South Korean builders do a large part of their business, said the report compiled by the International Contractors Association of Korea (ICAK).

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