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SOUTH KOREAN BUILDERS' OVERSEAS ORDERS JUMP IN Q1.

AsiaPulse News

| April 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 1 Asia Pulse - South Korean builders' overseas orders grew more than 50 per cent in the first quarter of this year thanks to increased demand from the Middle East and Asian markets, a government report showed today.

According to the report by the Ministry of Land, Transport and Maritime Affairs, local builders gained overseas orders amounting to $14.03 billion in the three-month period, up 53 per cent from the same period a year earlier.

The sharp growth stemmed mostly from a solid increase in orders from the Middle East and Asian countries, the report noted.

South Korean builders won a combined $6.63 billion ...

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