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S. Korea’s construction industry went through hard times in 2010: BOK

Posted on 05 May 2011

South Korea’s construction industry went through hard times last year despite a general boom in growth in other sectors, a report by the central bank showed Thursday.
The woes were mainly due to the sluggish local real estate market that caused a general drop in houses being built across the country and led to a decrease in work. Such developments exerted negative influence on key numbers such as ratio of operating income to sales, cash flow coverage ratio and reliance of borrowings……………………………………….Full Article: Source


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