The Ministry of Land, Infrastructure and Transport (MOLIT) and the Federation of Construction Associations (FCA) jointly held a ceremony to mark the 2023 Construction Day under the theme “Korea’s Construction Industry’ Dream of Future, a Safe People and a Happy tomorrow.”
The anniversary event took place at the Construction Hall in Seoul on June 15. Some 2.1 million construction industry people pledged to help Korea become a global construction powerhouse through the innovation of the construction industry.
Among those on hand at the event were Prime Minister Han Duck-soo, MOLIT Vice Minister Eo Myeong-so, Chairman Kim Min-ki of the National Assembly Land, Infrastructure and Transport Committee, Rep. Kim Jeong-jae, a senior member of the committee, FCA Chairman Kim Sang-soo, other heads of organizations related to the construction industry and award winners.
Construction Day was established in 1981 and is observed annually.
Orders and other government prizes were presented to 109 people, who were recognized for contributing to the development of the construction industry.
The coveted Order of Industrial Service Merit, Gold Tower went to President Lee Jae-hong of Eco Valley, who has contributed to the development of the construction industry.
Dir.-Gen. Kim Sang-moon in charge of construction policy at MOLIT said, “The construction industry badly needs a new paradigm shift amid a great revolution, coupled with the transition to the 4th Industrial Revolution.”
“The government plans to digitalize all processes of construction by 2030 to transform the construction industry into a future innovation industry and create a fair construction environment by establishing law and order at construction sites,” Dir.-Gen. Kim added.
CAK Calls for Institutional Reform to Invigorate Public-Private Partnership Projects
The Construction Association of Korea (CAK) asked for the government to promote institutional reform so the private sector can lead economic recovery amid outside and inside worsening economic conditions.
CAK recently delivered to the Ministry of Economy and Finance (MOEF) matters of institutional reform designed to boost public-private partnerships.
CAK, whose members consist of many PPP companies, made the proposal as a representative institution of the construction circles this year, as it did last year.
In the proposal, CAK demanded three steps: building an environment to boost PPPs, easing grievances and complaints related to the implementation of PPPs, and restoring public trust toward PPPs.
Initially, the proposal suggested a need for revival in connection with the dearth of the government’s recent public notices on BTO (build, transfer, and operate) projects.
A CAK official said, “Of late, no public notice projects have been implemented except the Shinansan Line PPP project and GTX-A/C projects since 2016, and there is almost nothing in the public sector’s project financing through the private sector’s investment.”
The government has regulations in place for the implementation of PPP projects, but there is no such a case so far.
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