In the wake of the Singapore summit between Donald Trump and Kim Jong-un, South Korean builders are planning for a flood of infrastructure projects in the northern half of the peninsula.
The Construction Association of Korea plans to hold a forum for construction companies, research institutes and public entities on 25 June to discuss possible projects and funding arrangements.
— Global Construction Review
While Koreans on both sides of the Military Demarcation Line appear increasingly hopeful in the wake of recent friendly diplomatic exchanges, it's the deep-pocketed South Korean industrial conglomerates that have started to map out the north's opportunities for development. Shares in Hyundai Asan, Daewoo Engineering & Construction, Samsung C&T, and retail giant Lotte are trending up.
2 Comments
the cake is ready to be sliced.
american businesses surely want to get in on the frenzy, too. considering trump's comments to reporters in singapore: “They have great beaches [...] You see that whenever they’re exploding the canons into the ocean. I said look at that view. Wouldn’t that make a great condo beyond that? [...] You could have the best hotels in the world right there. Think of it from a real estate perspective [...] You have South Korea, you have China, and they own the land in the middle. How bad is that? Right? It’s great.”
yeah, right.
Somewhere between a possible future as a tourist destination and the present state of a population eating rocks for dinner, there's probably a happy economic medium to be found there.
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