Construction

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Illustration depicting South Korea's 1% GDP growth in 2025 driven by exports amid construction weakness and Q4 contraction.
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South Korea's economy grows 1 percent in 2025

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South Korea's gross domestic product grew 1 percent in 2025 from the previous year, according to Bank of Korea data, but the fourth quarter saw an unexpected 0.3 percent contraction. Strong exports drove the annual figure despite weakness in construction. This marks half the 2 percent expansion of 2024.

The Department of Justice has decided to file two tax evasion cases against Sarah and Pacifico “Curlee” Discaya for violations of the National Internal Revenue Code in 2020 and 2021. It also dismissed three other complaints against them due to lack of evidence or expiration of the prescription period. These actions are part of a broader investigation into their flood control projects.

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Hong Kong authorities are considering a fixed penalty of HK$3,000 (US$385) for smoking on construction sites, instead of the initial maximum of HK$150,000. The move addresses workers' concerns following a deadly blaze in Tai Po last November. Secretary for Labour and Welfare Chris Sun Yuk-han said the government is actively exploring solutions to these issues.

The Colombian Chamber of Infrastructure (CCI) responded to President Gustavo Petro's statements suggesting that the fiscal deficit could be offset by cuts to investments in already contracted road concessions and the return of resources held in trusts. The business group clarified that those funds are not available surpluses but resources earmarked for ongoing works, and the actual available amount is $6.5 trillion, not $18 trillion as claimed by the president.

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Egypt's Prime Minister Mostafa Madbouly has ordered the immediate implementation of the "Medical Capital City for Hospitals and Educational Research and Training Institutes" following directives from President Abdel Fattah Al-Sisi. Madbouly described the project as a significant addition to Egypt's future, providing a qualitative shift in national health services. The initiative spans 221 feddan with 18 institutes and a national university for medicine accommodating 4,000 students.

A deadly blaze in Tai Po prompted the removal of protective mesh from around 420 buildings under renovation in Hong Kong. The Construction Industry Council plans to procure 50,000 scaffolding nets, with the first batch of 12,000 ready by January 15. Executive director Albert Cheng Ting-ning stressed that the higher cost ensures safety under new regulations.

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The Architectural Association of Kenya has detailed multiple regulatory failures preceding the collapse of a 14-storey building in South C on January 2, 2026. In their statement, they pointed to ignored stop orders and inadequate approvals. The group is urging investigations and tougher construction oversight.

 

 

 

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