In October 2023, building construction in South Korea saw a rise in the value of completed construction put in place compared to the same month a year before. Value of construction completed, or value of construction put in place (VIP), refers to the estimate of the total value of construction work completed in that month. This measurement allows for clearer measuring of the construction market outside of the number of contracts as literal construction can be delayed due to factors such as a sluggish economy, rise in raw material prices, etc.
Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type
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Statistics Korea. (November 30, 2023). Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/
Statistics Korea. "Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type." Chart. November 30, 2023. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/
Statistics Korea. (2023). Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/
Statistics Korea. "Year-on-year (Yoy) Rate of Value of Construction Completed in South Korea in 2023, by Construction Type." Statista, Statista Inc., 30 Nov 2023, https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/
Statistics Korea, Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type Statista, https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/ (last visited November 05, 2024)
Year-on-year (YoY) rate of value of construction completed in South Korea in 2023, by construction type [Graph], Statistics Korea, November 30, 2023. [Online]. Available: https://www.statista.com/statistics/1320365/south-korea-yoy-value-of-construction-put-in-place-by-construction-type/
