Summary
Government Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other. The defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure. The education segment includes all spending on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education related expenditure. The social protection segment includes all spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditure. The health segments includes all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure. The other segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, and other government expenditure. Any currency conversions used in the creation of this report have been calculated using constant 2017 annual average exchange rates.
- The South Korean government spending sector had total revenues of $517.9bn in 2017, representing a compound annual growth rate (CAGR) of 5.1% between 2013 and 2017.
- The social protection segment was the sector's most lucrative in 2017, with total revenues of $82.6bn, equivalent to 15.9% of the sector's overall value.
- South Korea's defense spending has stayed consistently around 2.5% of GDP for some time, due to the detente with North Korea and constant tensions. Only an armistice was signed to conclude the Korean War, and it has never been formally ended by a treaty.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in South Korea
- Leading company profiles reveal details of key government spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea government spending market with five year forecasts
Reasons to buy
- What was the size of the South Korea government spending market by value in 2017?
- What will be the size of the South Korea government spending market in 2022?
- What factors are affecting the strength of competition in the South Korea government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's government spending market?
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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
GS Engineering & Construction Corporation 19
Hanwha Techwin Co Ltd 22
Korea Aerospace Industries Ltd. 25
Samsung C&T Corp 28
Macroeconomic Indicators 31
Country data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35
List of Tables
Table 1: South Korea government spending sector value: $ billion, 2013–17
Table 2: South Korea government spending sector category segmentation: $ billion, 2017
Table 3: South Korea government spending sector geography segmentation: $ billion, 2017
Table 4: South Korea government spending sector value forecast: $ billion, 2017–22
Table 5: GS Engineering & Construction Corporation: key facts
Table 6: GS Engineering & Construction Corporation: key financials ($)
Table 7: GS Engineering & Construction Corporation: key financials (KRW)
Table 8: GS Engineering & Construction Corporation: key financial ratios
Table 9: Hanwha Techwin Co Ltd: key facts
Table 10: Hanwha Techwin Co Ltd: key financials ($)
Table 11: Hanwha Techwin Co Ltd: key financials (KRW)
Table 12: Hanwha Techwin Co Ltd: key financial ratios
Table 13: Korea Aerospace Industries Ltd.: key facts
Table 14: Korea Aerospace Industries Ltd.: key financials ($)
Table 15: Korea Aerospace Industries Ltd.: key financials (KRW)
Table 16: Korea Aerospace Industries Ltd.: key financial ratios
Table 17: Samsung C&T Corp: key facts
Table 18: Samsung C&T Corp: key financials ($)
Table 19: Samsung C&T Corp: key financials (KRW)
Table 20: Samsung C&T Corp: key financial ratios
Table 21: South Korea size of population (million), 2013–17
Table 22: South Korea gdp (constant 2005 prices, $ billion), 2013–17
Table 23: South Korea gdp (current prices, $ billion), 2013–17
Table 24: South Korea inflation, 2013–17
Table 25: South Korea consumer price index (absolute), 2013–17
Table 26: South Korea exchange rate, 2013–17
List of Figures
Figure 1: South Korea government spending sector value: $ billion, 2013–17
Figure 2: South Korea government spending sector category segmentation: % share, by value, 2017
Figure 3: South Korea government spending sector geography segmentation: % share, by value, 2017
Figure 4: South Korea government spending sector value forecast: $ billion, 2017–22
Figure 5: Forces driving competition in the government spending sector in South Korea, 2017
Figure 6: Drivers of buyer power in the government spending sector in South Korea, 2017
Figure 7: Drivers of supplier power in the government spending sector in South Korea, 2017
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in South Korea, 2017
Figure 9: Factors influencing the threat of substitutes in the government spending sector in South Korea, 2017
Figure 10: Drivers of degree of rivalry in the government spending sector in South Korea, 2017
Figure 11: GS Engineering & Construction Corporation: revenues & profitability
Figure 12: GS Engineering & Construction Corporation: assets & liabilities
Figure 13: Hanwha Techwin Co Ltd: revenues & profitability
Figure 14: Hanwha Techwin Co Ltd: assets & liabilities
Figure 15: Korea Aerospace Industries Ltd.: revenues & profitability
Figure 16: Korea Aerospace Industries Ltd.: assets & liabilities
Figure 17: Samsung C&T Corp: revenues & profitability
Figure 18: Samsung C&T Corp: assets & liabilities
