Local builders look for turnaround on improved home market
Apr 30, 2014
South Korean construction companies appeared to be looking for a turnaround on the back of a recovery in the housing industry to recover from massive losses they suffered from slow home market conditions and faltering overseas projects. The local construction industry has grappled with a deep-set recession over the past few years as players struggled with high-risk property development projects, money-losing overseas projects and unsold homes. Many of the firms shocked investors with worse-than-