Han Seung-gu "Finding Growth Momentum to Create a Construction Vision Required by the Era"

2025 Construction Industry New Year Meeting
"Time and Effort Needed Until Construction Market Recovers"

Han Seung-gu, President of the Korea Federation of Construction Associations, stated on the 7th, "We will find new growth momentum and create a construction vision that meets the demands of the era."

Han Seung-gu, President of the Korea Federation of Construction Associations. Provided by the Korea Construction Association

On the same day, at the '2025 Construction Industry New Year's Meeting' held at the Construction Hall in Gangnam-gu, Seoul, Han said, "Construction workers have the pioneering spirit to create something from nothing and have found opportunities amid crises."

He pointed out that the construction industry is going through a very difficult period. He cited external factors such as instability in the Middle East, the prolonged Russia-Ukraine war, global economic uncertainty, and a global economic downturn. Internally, he diagnosed that the triple burden (high interest rates, high inflation, and high exchange rates), instability in raw material supply, and rising construction costs are exacerbating difficulties. He added, "It seems that time and effort are needed until the construction market recovers."

In response, President Han emphasized the re-leap of the construction industry. He said, "Since entering the overseas construction market in 1965, the cumulative order amount is approaching 1 trillion dollars," and added, "We will focus on image improvement projects so that the construction industry can equip itself with technology and competitiveness in line with the 4th Industrial Revolution and become an industry that attracts young talent."

Jin Hyun-hwan, First Vice Minister of the Ministry of Land, Infrastructure and Transport, said in his congratulatory speech, "I hope the construction industry overcomes the crisis and develops further in the new year," and "The government will also do its best to be of help to the public and construction workers."

The New Year's meeting proceeded in the order of New Year's speeches, New Year's videos and greetings to encourage construction workers, and New Year's rice cake cutting. About 700 people attended, including Vice Minister Jin Hyun-hwan, Maeng Seong-gyu, Chairman of the Land, Infrastructure and Transport Committee, lawmakers from both ruling and opposition parties, heads of construction organizations, and construction company groups.