• Title/Summary/Keyword: overseas construction strategy

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Analyzing the Market Structure of International Construction Contracts : Focusing on Korean Construction Firms (국내 건설기업의 해외건설 계약실적 구조 분석)

  • Lee, Kang-Wook
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.1
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    • pp.124-132
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    • 2019
  • Notwithstanding the crucial contribution of international construction industry in the national economy, previous studies on international construction contracts had mainly focused either on trend investigation or market share analysis at a point of time. Fundamentally, the international construction industry is fragmented due to its project-based nature, is heterogeneous that has to involve different firms from diverse fields, and tends to be dynamic according to macroeconomic conditions. Therefore, the combination of static and dynamic analyses is necessary to understand its underlying structure. This study analyzes the market structure of international construction contracts using the data of 9,173 projects awarded by Korean construction firms from 2000 to 2017. Industry-level performance data is analyzed both in static (market concentration) and dynamic (market mobility and instability) methods, and detailed methodology is also provided. Consequently, the static analysis result shows that the competition among Korean construction firms has been more intensified, and the dynamic analysis result indicates that market positions of Korean construction firms are unstable and vulnerable in most of the regions and the sectors. The combination of static and dynamic indices is found to be helpful to understand the underlying aspects of market structure and can be utilized as an effective strategic reference in the highly competitive market.

Information System for Managing Cost Reimbursable Construction Projects (실비정산 비용지불 방식에 적용 가능한 건설 프로젝트 정보관리 시스템)

  • Kang, Namhee;Song, Hojeong;Kim, Hyunjung;Choi, Jaehyun
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.2
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    • pp.237-247
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    • 2015
  • The project management information system (PMIS) has recently been developed by using the information technology(IT) in order to implement advanced information management technology to construction industry in Korea. The PMIS has been applied not only to domestic construction projects, but also to some overseas projects executed by Korean construction companies. This study was performed to develop the PMIS that is tailored to the US construction IT market. It has been monopolized by the US-based IT companies, but other companies are recently emerging with competitive technology and market strategy. As a preceding study, existing commercially available systems were analyzed, and the required features of the PMIS were identified by analyzing the core elements of contract, process and cost management about construction projects in the US. Then, the PMIS was developed based on the aforementioned analysis results. The system includes the document management module with an internal electronic approval system, the cost-plus-based automatic labor cost calculation module, and the progress management module to support the integrated project cost management. In addition, the functionality of the developed system was verified by experts about construction management in the US via questionnaire survey. The developed PMIS, in this study, is expected to be applied not only to the US construction IT market as a system specialized for the US construction industry, but also to other oversea markets in the future.

A Case Study on the Construction e-Collaboration Process Control System of Middle and Small Manufacturing Industry (중소제조업의 협업공정관리시스템 구축 적용 사례)

  • Kim, Jong-Tae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.2
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    • pp.13-20
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    • 2009
  • The purpose of this paper is to give information on e-CPC implementation in the manufacturing industry by studying and analyzing a small and medium sized manufacturing company. After analyzing Various factors on J's e-CPC implementation such as environmental factors, process management factor, and result factors, success factors on J's e-CPC implementation are analyzed. The results of this paper can be summarized as follows. First, the most leading role on J's ERP implementation is the will and support of CEO and team leaders. They led the implementation to be stability successfully by settling the different opinions among teams, showing their ability on process decision and communication with consultants. Second, J tried to prompt system stability by mapping out and conducting the long term change management strategy. Third, J organized ERP project team to implement ERP quickly, and it turned out to be successful Finally, J tried to get outside information from consultants and collaborative companies that have experience in implementing ERP. Especially J made full use of overseas consultants. In respect that this paper giver lots of information on e-CPC implementation in manufacturing industry by a case study of a small and medium sized manufacturing company which has not been carried out so far, it would be useful enough.

Hard rock TBM project in Eastern Korea

  • Jee, Warren W.
    • Proceedings of the Korean Society for Rock Mechanics Conference
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    • 2008.10a
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    • pp.33-41
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    • 2008
  • The longest tunnel has been halted at Daekwanryung by the failure of the host country of the Winter Olympiad in 2014, but modern High-Power TBM will come to Korea to excavate these long tunnels to establish the better horizontal connection between the western and eastern countries to improve the strong powerful logistic strategy of Korean peninsula. Train operation provides a key function of air movements in a long underground tunnel, and heat generation from transit vehicles may account of the most heat release to the ventilation and emergency systems. This paper indicates the optimal fire suppress services and safety provision for the long railway tunnel which is designed twin tunnel with length 22km in Gangwon province of Korea. The design of the fire-fighting systems and emergency were prepared by the operation of the famous long-railway tunnels as well as the severe lessons from the real fires in domestic and overseas experiences. Designers should concentrate the optimal solution for passenger's safety at the emergency state when tunnel fires, train crush accidents, derailment, and etc. The optimal fire-extinguishing facilities for long railway tunnels are presented for better safety of the comfortable operation in this hard rock tunnel of eastern mountains side of Korea. Since year 1900, hard rock tunnel construction has been launched for railway tunnels in Korea, tunnels have been built for various purposes not only for infrastructure tunnels including roadway, railway, subway, and but also for water and power supply, for deposit food, waste, and oils etc. Most favorable railway tunnel system was discussed in details; twin tunnels, distance of cross passage, ventilation systems, for the comfortable train operations in the future.

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Process Model for 6 Sigma(${\sigma}$) in Construction Management(CM) (건설사업관리(CM)에서의 6시그마(${\sigma}$) 적용 조건 분석을 통한 추진 모델 구축)

  • Kim, Chan-Gyo;Lee, Jea-Sauk;Chun, Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.478-482
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    • 2006
  • The domestic enterprises in order to secure the freshness location of market from the international competition which is keen are propelling a price and a quality high position strategy steadily. It is put in competitive situation with the overseas enterprises and even from construction industry it follows in construction market opening and there is not another idea to the research the management strategies, directions and focus competitive elements of the enterprise against, what it sees consequently and to rise to the priority where the competitive power reinforcement of the enterprise is important, it becomes. Competitive power of like this enterprise for a reinforcement the technique which induces a big interest 6 Sigma is technique from the many companies. 6 sigma preceding researches of manufacturing and service industry the fact that it is accomplished with the object which will carry most. The research which relates with construction industry is staying to an introduction of 6 sigma the investigation phase, the actual introduction introduces and "S" construction there is not only a possibility against the application result of having a limit because it is applying. It is like that but like referring to a minute description for the international competitive power security which it follows in the change which market environment is sudden 6 sigma the introduction will judge, indispensability development of the logical propriety against hereupon and it will reach and it verifies the question investigation for to lead, 6 sigma of the construction companies it confirms the application possibility and presents the propulsion model as 6 sigma the fact that overcoming the limit characteristic of that introduction application as objective of sample research means it will do.

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Applying the PEST-SWOT-AHP methodology Development of Korean Gas Turbines and Development of Promotion Strategies for Expansion of Supply (PEST-SWOT-AHP 방법론을 적용한 한국형 가스터빈 개발 및 보급 확대 추진전략 도출)

  • Lee Choong Soon;Kim Yeon Tae;Park Hyung Jun
    • Journal of Technology Innovation
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    • v.32 no.1
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    • pp.1-25
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    • 2024
  • Countries around the world are making active efforts to reduce greenhouse gas emissions. Korea is also pursuing a policy of abolishing aging coal power and converting it to LNG power generation. However, in Korea, gas turbine manufacturing technology has not been localized, so all of it is imported and installed from overseas manufacturers. Therefore, this paper examines the domestic and foreign environment of the gas turbine power generation industry and proposes a strategy to develop and expand the supply of Korean gas turbine technology by applying the PEST-SWOT-AHP methodology. As a result of the research, the strategy to develop and expand the supply of Korean gas turbine technology can be summarized as 1) strengthening the role of power generation public enterprises to develop and promote commercialization of gas turbine technology, 2) expanding the proportion of LNG power generation to reduce greenhouse gases, 3) the government's active efforts to create an ecosystem for the gas turbine industry, and 4) forming a public consensus on the construction of LNG power plants.

Analysis of Perception Difference between Domestic and International Engineering Firms -Focusing on the Competitiveness of International PMC Market- (해외 PMC 시장 경쟁력에 대한 국내외의 인식차이 분석 - 한국 엔지니어링 기업을 중심으로 -)

  • Jang, Woosik;Lee, Baul;Kim, Yeonsoo;Han, Seung Heon
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.6
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    • pp.3-12
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    • 2017
  • In recent years, Project Management Consultant(PMC) project has been emerging as a high-value-added engineering project. However, domestic engineering firms have difficulties in entering the overseas PMC market because of poor project performance and lack of PMC capabilities. To overcome these limitations, this study analyzes the key competitiveness factors for successfully performing the global PMC projects. PMC competency factors based on Porter's double diamond theory were extracted, and a questionnaire survey was conducted on domestic and overseas engineering firms. In addition, the important PMC competency factors were derived through paired t-test and IPA matrix analysis. As a result, the PMC competitiveness of domestic engineering firms was analyzed as around 60% compared to that of global engineering firms. Furthermore, 'PMC track records' and 'project management/owner response skills' were identified as top priority competency factors which are the most necessary factors for present domestic engineering firms. This study is expected to support to establish the international PMC market entry strategies by providing priorities of key competitiveness factors.

CM Prospects and Strategies Based on Contract Statistics : 1997 through 2014 (CM산업 수주실적 분석을 통한 CM기업의 발전 방안 - 1997년 ~ 2014년 실적자료 기반 -)

  • Ha, Jiwon;Jung, Youngsoo
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.5
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    • pp.97-107
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    • 2016
  • CM services have been focused on the advancement of the CM industry and expansion to overseas market based on CM capabilities. However, there has been lack of quantitative and comprehensive research to investigate current CM trends and prospects for improving competitiveness. In this sense, the purpose of this study is to statistically analyze total of 3,453 CM service contracts over the past 18 years (between 1997 and 2014) in term of market type, contract size, owner's type, commodity type. Finding of this research reveal that 1) compared to 2005, CM market size in 2015 increased as much as 2.5 times, and that 2) domestic CM projects count for 87.5%, architectural project 88.4%, less than 1 billion won small contracts 75%, respectively. Also, recently as CM company are developing capability and competitiveness, 1) overseas CM market share has grown up to 20% among total CM contract amount, and 2) CM contracts by private owners has increased 3 times demanding the total management services based on high technical capability. Additionally, the result of this paper supports the growth path model proposed by Jung et al. (2014), where a path from Domestic Public (DP3) and Domestic Private (DC2) CM projects towards the expansion to International Private (IC5) contracts was quantitatively analyzed. Implications for other practical issues are also briefly discussed.

A SWOT based ANP Application for Strategy Development to enter Overseas Water Market (해외 수처리 시장 진출 전략 개발을 위한 SWOT-ANP 적용 모델 개발)

  • Choi, Jae-Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.1
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    • pp.305-316
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    • 2014
  • The current global water market has been reshaped with a few multinational water companies, water-specialized companies, and other non-construction companies such as manufacturing and financial companies. Each has different business objectives along with the value chain of water industry. In this context, a SWOT-ANP model is proposed to prioritize strategic alternatives for a non-construction company in Korea and the result is validated through a comparison with the AHP model and real business strategies of the company examined from the recent news reports. The validation was confirmed that the company's strategies are very much similar to the priority list and the rankings of the strategic alternatives are identical with those from AHP model, while the weights are slightly changed from the weights in AHP result.

Derivation of a Vision and Major Strategies for Developing the Smart City (스마트시티 조성을 위한 비전 및 주요전략 도출)

  • Hyun, Chang-Taek;Wang, Ji-Hwan;Jin, Chengquan
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.6
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    • pp.64-75
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    • 2021
  • Due to rapid urbanization around the world, various social problems and side effects are occurring. Accordingly, the creation of smart city is being promoted to improve the quality of life of citizens and promote sustainable urban development. In Korea, visions and strategies for the creation of smart city have been presented for each ministry within the government. But they are proposed from the standpoint of each ministry, not from the national level. Therefore, it is necessary to establish a vision and core strategies at the national level. In this study, the problems of Korea smart city were derived, and a smart city vision was established as a solution. In addition, STEEP analysis was conducted through Korea and overseas smart city status analysis and literature review, and based on this, CLDs (Causal Loop Diagrams) were drawn up to derive major smart city strategies. The smart city vision and major strategies proposed in this study are expected to be helpful in setting the direction for future successful smart city creation.