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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