Understanding the competitiveness factors of Korean contractors in the international construction market

Article


Whang, S. and Flanagan, R. 2024. Understanding the competitiveness factors of Korean contractors in the international construction market. International Journal of Construction Management. 24 (9), pp. 911-920. https://doi.org/10.1080/15623599.2023.2239483
AuthorsWhang, S. and Flanagan, R.
Abstract

The international construction markets (ICM) are constantly changing with new pressures creating opportunities and threats., Enterprises from advanced major advanced economies have been successful in venturing overseas and winning projects by exploiting their design, engineering, technological, and managerial competencies. Construction markets have changed with Chinese, Japanese, Korean, and
Turkish construction enterprises securing more projects overseas. Understanding and exploiting the competitive advantage possessed by enterprises from major advanced economies is being challenged by enterprises from newly industrialised economies. This study investigates the competitiveness factors of the Korean construction (KOC) enterprises to understand how they have been successful in exploiting their competitive advantages. The competitiveness evaluation model (CEM) is developed using system
dynamics which compares the project performances between the models generated by general and Korea-featured competitiveness factors in winning work in the ICM. The findings reveal that ownership of the enterprise, government strategy and support for the construction industry enterprises, strong leadership, technology-intensive, and special characteristics of large Korean enterprises (Chaebol system) could be critical factors for creating competitive advantage.

KeywordsCompetitiveness evaluation model; Contractor competitiveness; International construction; System dynamics
JournalInternational Journal of Construction Management
Journal citation24 (9), pp. 911-920
ISSN1562-3599
Year2024
PublisherTaylor & Francis
Publisher's version
License
File Access Level
Anyone
Digital Object Identifier (DOI)https://doi.org/10.1080/15623599.2023.2239483
Publication dates
Online08 Aug 2023
Publication process dates
Accepted23 Jun 2023
Deposited25 Oct 2023
Copyright holder© 2023, The Authors
Permalink -

https://repository.uel.ac.uk/item/8ww93

Download files

  • 56
    total views
  • 14
    total downloads
  • 7
    views this month
  • 3
    downloads this month

Export as

Related outputs

Influence of aesthetic design elements on residential satisfaction in apartment Based on Seoul apartment complex
Whang, S., Park, K. and Kwon, C. 2023. Influence of aesthetic design elements on residential satisfaction in apartment Based on Seoul apartment complex. Journal of Asian Architecture and Building Engineering. In Press. https://doi.org/10.1080/13467581.2023.2270006
Artificial Intelligence (AI)-Based Technology Adoption in the Construction Industry: A Cross National Perspective Using the Technology Acceptance Model
Na, S., Heo, S., Choi, W., Kim, C. and Whang, S. 2023. Artificial Intelligence (AI)-Based Technology Adoption in the Construction Industry: A Cross National Perspective Using the Technology Acceptance Model. Buildings. 13 (10), p. 2518. https://doi.org/10.3390/buildings13102518
Balanced approach for tendering practice at the pre-contract stage: the UK practitioner’s perspective
Whang, S., Donyavi, S., Flanagan, R. and Kim, S. 2022. Balanced approach for tendering practice at the pre-contract stage: the UK practitioner’s perspective. Journal of Civil Engineering and Management. 28 (5), pp. 338-348. https://doi.org/10.3846/jcem.2022.16580
Contractor-led design risk management in international large project: Korean contractor’s perspective
Whang, S., Donyavi, S., Flanagan, R. and Kim, S. 2022. Contractor-led design risk management in international large project: Korean contractor’s perspective. Journal of Asian Architecture and Building Engineering. 22 (3), pp. 1387-1398. https://doi.org/10.1080/13467581.2022.2085718
Selection of Optimized Retaining Wall Technique Using Self-Organizing Maps
Kim, Y-S., Park, U-Y., Whang, S., Ahn, D-J. and Kim S. 2021. Selection of Optimized Retaining Wall Technique Using Self-Organizing Maps. Sustainability. 13 (Art. 1328). https://doi.org/10.3390/su13031328
Critical Success Factors for Implementing Integrated Construction Project Delivery
Whang, S., Park, K. and Kim, S. 2019. Critical Success Factors for Implementing Integrated Construction Project Delivery. Engineering, Construction and Architectural Management. 26 (10), pp. 2432-2446. https://doi.org/10.1108/ECAM-02-2019-0073
Comparison of High-Strength Steel Pipe and H-Shaped Steel in the Strut of a Braced Wall System
Kim, S., Whang, S., Lee, Y., Shin, Y. and Kim, G. 2018. Comparison of High-Strength Steel Pipe and H-Shaped Steel in the Strut of a Braced Wall System. Journal of Asian Architecture and Building Engineering. 16 (1), pp. 179-184. https://doi.org/10.3130/jaabe.16.179
Pile Foundation Design Through the Increased Bearing Capacity of Extended End Pile
Kim, S., Whang, S. and Kim, S. 2017. Pile Foundation Design Through the Increased Bearing Capacity of Extended End Pile. Journal of Asian Architecture and Building Engineering. 16 (2), pp. 395-402. https://doi.org/10.3130/jaabe.16.395
Application of extended end composite pile design in pile foundation work
Kim, S., Whang, S., Kim, S. and Hyung, W. G. 2017. Application of extended end composite pile design in pile foundation work. Proceedings of the Institution of Civil Engineers - Geotechnical Engineering. 170 (5), pp. 455-465. https://doi.org/10.1680/jgeen.16.00043
Building Information Modeling (BIM) for Project Value: Quantity Take-Off of Building Frame Approach
Whang, S. and Park, S. M. 2016. Building Information Modeling (BIM) for Project Value: Quantity Take-Off of Building Frame Approach. International Journal of Applied Engineering Research. 11 (12), pp. 7749-7757.
Contractor-Led Critical Design Management Factors in High-Rise Building Projects Involving Multinational Design Teams
Whang, S., Flanagan, R., Kim, S. and Kim, S. 2016. Contractor-Led Critical Design Management Factors in High-Rise Building Projects Involving Multinational Design Teams. Journal of Construction Engineering and Management. 143 (5). https://doi.org/10.1061/(ASCE)CO.1943-7862.0001242
Minimisation of risk exposure at the pre-production stage through the use of contractor-led design management
Whang, S. W. and Flanagan, R. 2015. Minimisation of risk exposure at the pre-production stage through the use of contractor-led design management. ARCOM 2015: 31st Annual Association of Researchers in Construction Management Conference. Lincoln, United Kingdom 07 - 09 Sep 2015 Association of Researchers in Construction Management.
Comparative study on the construction cost including carbon emission cost for masonry walls
Kim, S., Whang, S., Kim, G. and Shin, Y. 2015. Comparative study on the construction cost including carbon emission cost for masonry walls. Energy and Buildings. 96, pp. 187-192. https://doi.org/10.1016/j.enbuild.2015.03.025
Balanced sustainable implementation in the construction industry: The perspective of Korean contractors
Whang, S. and Kim, S. 2015. Balanced sustainable implementation in the construction industry: The perspective of Korean contractors. Energy and Buildings. 96, pp. 76-85. https://doi.org/10.1016/j.enbuild.2015.03.019
Determining sustainable design management using passive design elements for a zero emission house during the schematic design
Whang, S. and Kim, S. 2014. Determining sustainable design management using passive design elements for a zero emission house during the schematic design. Energy and Buildings. 77, pp. 304-312. https://doi.org/10.1016/j.enbuild.2014.03.066