In real terms, the South Korean construction industry's growth is expected to increase from a compound annual growth rate (CAGR) of -0.61% during the review period (2010-2014) to 2.50% over the forecast period (2015-2019). Over the forecast period, industry growth will be supported by residential, commercial and infrastructure projects. A rising number of tourists and country’s large population will support the growth in the retail industry. The increasing interest in property investment on Jeju Island will also support the industry. Works related to the hosting of the 2018 Winter Olympics Games in Pyeongchang, Gangwon province, will also provide support.
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