Sejong , Dec. 3 ( Yonhap) - The accumulated foreign orders made to South Korean builders have exceeded 600,000 million so far this year , said Tuesday , the Ministry of Land , Infrastructure and Transport .
According to the ministry , as of last Monday, the total amount of orders overseas construction made by Korean companies reached 601.2 billion dollars, surpassing for the first time , the barrier of 600,000 million from 1965 . The feat was achieved just 18 months after the cumulative amount of construction orders overseas reached in June 2012 , 500,000 million.
The milestone is significant because
Of the total construction orders abroad for the past 48 years ,
However, in the last 18 months , construction orders from Asian countries have steadily increased , accounting for 37 percent of all construction orders abroad , which , according to the ministry , is a positive development , demonstrating the diversification of markets for South Korean builders and reducing its dependence on the
The ministry added that the construction has been abroad for a long time, one of the key export items of the country and that the Government will make every effort to support construction projects carried out by local companies abroad because builders are doing everything possible , despite the many difficult conditions they face .