earticle

영어

This paper studies to find a measure to advance into the Chinese`s construction markets of Korean`s overseas construction firms. China will become legally a member of WTO as of 11th December, 2001. China, one of the fastest growing economies in the world, has made tremendous progress in the last decade thanks to an economic system open to trade and foreign investment. Now this economy will be subjected to the rules-based system of the WTO. something which is bound to enhance global economic cooperation. And China is scheduled to hold the Beijing 2008 olympic games. The special construction demands will be made in the field of every athletic meetings, olympic village, transportation in relation to olympic games. Now, Korean construction market is in slump under IMF program since 1997. The investments of construction field is decreasing in residental and non-residental construction. Therefore, Korea, which is the nearest country, is in a better position to entry the Chinese` markets. From the above viewpoints, this paper is to study the Chinese`s construction prospects and the investment strategy to advance into the Chinese`s construction markets.