| Title |
Strategies for Multilateral Development Banks Utilization to Enhance International Construction Competitiveness |
| Authors |
손태홍(Sohn, Tae-Hong) ; 정창구(Jung, Chang-Goo) ; 장현승(Jang, Hyoun-Seung) |
| DOI |
https://doi.org/10.12652/Ksce.2012.32.5D.493 |
| Keywords |
다자간개발은행;경쟁력;해외건설;민관협력사업;진출 요인 multilateral development bank;competitiveness;international construction;public private partnership;strategy factor |
| Abstract |
Korean construction companies have maintained stable market share based on high technology and cost competitiveness although international construction market has been stalled due to increasing global economy uncertainties. However, Korean construction companies have relied heavily on the general types of projects in Middle East and Asia although the portion of different types of projects such as Build-Transfer-Operate (BTO), Build-Transfer-Lease (BTL), and Public-Private-Partnership (PPP) has been increasing in the market. When delivering huge projects requiring contractors deal with activities from project planning to operation, securing finance sources and profitability is deemed critical. Therefore, Korean construction companies need more attentions on the construction market supported by Multilateral Development Banks. However, Korean construction companies have not utilized effective strategies for the market entry and also government supportive policies are not useful enough to help construction companies. This study aims both to analyze the contract structure of Korean construction companies for presenting critical factors that need to be prepared and to suggest various methods that can be applied to support construction companies that have much interest in the Multilateral Development Banks. According to the results of study, it is important that Korean government provide structural information system, make a specialized organization, prevent over-heating among Korean construction companies, and collaborate with Official Development Agency. In addition, it appeared that the fairness and financial stability of project have recognized main advantages of the Multilateral Development Banks. |