The Construction Association of Korea held a briefing on 2026 public construction project plans at the CG Art Hall in the Construction Building in Nonhyeon-dong, Seoul, on Friday. About 400 attendees including construction industry executives and investment institution officials participated in the event.
The briefing was organized to support business stability for construction companies struggling with delayed recovery in the construction sector. It also aimed to help firms systematically establish annual business plans and order-winning strategies by sharing major ordering agencies' project plans in advance.
Lee Joo-yeol, fiscal affairs officer at the Ministry of Land, Infrastructure and Transport, presented the "2026 Investment Direction and SOC Project Plan" as the first speaker. He announced a total investment of 62.8 trillion won ($44 billion) this year.
Key objectives include expanding safety infrastructure investment, supporting construction sector recovery through SOC expansion, stabilizing livelihoods by supplying 194,000 public housing units, promoting balanced national growth, and creating new growth engines through land and transport industry innovation.
The government will allocate 21.1 trillion won to SOC sectors including railways such as GTX, roads, and airport construction for balanced national development and construction sector recovery. A total of 45 new SOC projects will be ordered this year.
Korea Expressway Corporation presented its "2026 Highway Construction Project Plan," Korea National Railway announced its "2026 Railway Construction Budget and Project Plan," Korea Water Resources Corporation shared its "2026 K-water Project Plan," and Korea Land and Housing Corporation (LH) unveiled its "2026 Project Plan."
Project orders by agency this year are: Korea Expressway Corporation at 8.33 trillion won, Korea National Railway at 2.78 trillion won, Korea Water Resources Corporation at 3.61 trillion won, and LH at 17.88 trillion won. Each agency plans to actively pursue early ordering and swift project execution to boost construction sector recovery and industry vitality.
"Public construction project information is crucial data for construction company management," said Han Seung-gu, chairman of the Construction Association of Korea. "We expect that having major ordering agencies directly explain their project plans will enhance information reliability and understanding, providing practical help for member companies and other construction firms in winning orders and establishing business plans."