International Construction

Business Management

2002 Fall

M. E. Rinker School of Building Construction

The Construction Industryin The Republic of Korea

Sep 11, 2002

Ahn, Hong-seobPh.D, P.E.

Contents

Introduction

The Republic of Korea(ROK)

The Construction Industry

Two Case Projects

Epilogue

Introduction

Interest

Visiting Background

Focus

Introduction to R.O.K

Introduction to R.O.K

Geographic Location Middle of East Asia

Area 99,538km2

Population(2001) 47,343,000

2002 World Cup Competitive Industries Others

Introduction to R.O.K

The Construction Industry of R.O.K

Domestic Industry

Overseas

History of the Construction

Industry

Domestic Industry

Construction Investment(2002 2/4)

$18,836mil/$129,714mil Gross

Domestic Contracts $41,210mil

Overseas Contracts $4,355mil

Others

Domestic Industry -Construction Companies-

Rev $95,762mil(2000) General Contractors

11,961cos/474,404prs ->$48,573mil Rev

Trade Contractors 30,573cos/867,788prs ->$47,189mil

Rev

Total Employed 1,342,192

Overseas Contract (bil USD)

’90 6.8

’91 3.0 ’92 2.8 ’93 5.1 ’94 7.4 ’95 8.5

’96 10.8 ’97 14.0

’98 4.1 ’99 9.2 ’00 5.4 ’01 4.4

Traditional Architecture

Two Case Projects

Korea Express Train Project http://www.ktx.or.kr/

Incheon Int’l Airport Project http://www.airport.or.kr/

Express Train Project

Project Outline

Budget

Period

Progress

Others

Express Train Project

Route 412km(Seoul-Pusan)

Speed Max:300km, Average:213km 116min/412km

System Upgraded TGV

Express Train Project Budget

$12.78bil(1992-2004):interim comp. $18.4bil total(2010):final comp.

Financing Government :45%(35%+10%) Institute :55%

29%(credit), 24%(overseas), 2%(private) Progress

85.8%(Jul 2002) Test Running-

Began Dec 1999 Period: 52months

Express Train Project

B/C Ratio 1.10

30 yr, social discount ratio 11% ctc. IRR

11.84%

L=9,975m/Jun 96-Mar 01/ NATM

L=1,153m/Sep 97-Aug 00/ PC BOX

○ 2,890m /Apr 94-Dec 00○ SUP STR: PC box/ METHOD: FCM + FMS + SRC

L=4,030m/ Nov 92-Nov 97/NATM

Incheon Int’l Airport

Purpose

Budget

Facilities

Progress

Others

Incheon Int’l Airport Purpose

Seoul Airport Hub Airport of North-East Asia

Budget $7.8bil(1ST Stage)

Period 1992-2000(1ST Stage) 2002-2008(2nd Stage) 2009-2020(3rd Stage)

Open Mar 29, 2001

Incheon Int’l Airport-Facilities-

Area : 56,202km2

Passenger

Terminal :49.59km2

Control Tower : 100.4m

Runway: 3,750mL*60mW*2ea

Incheon Int’l Airport-Capacity-

240,000 flies/yr Passengers:

27,000,000pers/yr Cargo : 2,700,000tons/yr

Incheon Int’l Airport -2nd Stage-

2002-2008 $4.7bil I runaway, 1 passenger

terminal etc. 240,000 flies/yr ->410,000(2020)

Passengers:44,000,000pers/yr -> 100mil(2020)

Cargo : 450mil tons/yr ->700mil tons(2020)

http://msrv.yahoo.co.kr/enc/image/93/22893.jpg

Natures of Construction

Industry

Way to Manage

Construction Industry and

Construction Projects

Properties of Construction

Products

Properties of Construction Products

SHAPES

Construction Industry

Epilogue

Future of Construction Industry CALS/EC, CIC…….

(Continuous Acquisition & Life-cycle Support/Electronic Commerce)

Locality

Project/Construction Manager’s Role

Your Opinion?

Management &

Engineering

Which one precede?

Future Connection

Ahn Hong Seob, Associate Prof. Department of Architectural Engineering Kunsan National University Miryong-Dong San68, Kunsan 573-701, Korea Tel:+82-63-469-4785, Fax:+82-63-469-4781E-mail: hsahn@kunsan.ac.kr (temp 2002) Tel : 392-7288 /Rm 158 cell:352-246-9095

Good Luck!

THANK YOU!

감사합니다 .