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[4K] CHAEYOUNG, MONSTA X, MOMOLAND, NCT WISH, HAECHAN, DAYOUNG, CIX, AxMxP | On the way to music bank 250912
2025-09-12
S. Korea Unveils Steps for 'Soft Landing' in Construction Sector
Written: 2004-07-02 00:00:00 / Updated: 0000-00-00 00:00:00
South Korea announced a set of measures Friday to stage a soft landing for its rapidly declining construction industry.
Construction orders in May nose-dived 24 percent from the same month last year and 14.6 percent from the previous month of April.
The construction ministry hopes the stimulus measures will increase housing supply and ease restrictions on development while boosting fiscal spending on infrastructure projects by up to 2 trillion won or some 1.7 billion dollars.
The ministry also hopes the pump-priming steps would help ensure adequate growth for the sector while stabilizing real estate prices and curbing speculation.
Construction orders in May nose-dived 24 percent from the same month last year and 14.6 percent from the previous month of April.
The construction ministry hopes the stimulus measures will increase housing supply and ease restrictions on development while boosting fiscal spending on infrastructure projects by up to 2 trillion won or some 1.7 billion dollars.
The ministry also hopes the pump-priming steps would help ensure adequate growth for the sector while stabilizing real estate prices and curbing speculation.
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