South Korea finalizes 5-year plan for overseas construction, targeting AI cities and SMRs

South Korea's government has established a five-year blueprint to elevate its overseas construction sector from traditional building to a high-value industry driven by technology and finance. The plan targets emerging markets such as AI cities and small modular reactors (SMRs), signaling a strategic pivot towards future-oriented infrastructure.

The initiative emphasizes fostering new business areas and bolstering financial support for investment development projects. This includes deploying a dedicated support mission to the United States to enhance the acquisition of overseas projects. The Ministry of Land, Infrastructure, and Transport announced these details as part of the "5th Basic Plan for Overseas Construction Promotion (2024-2028)."

This strategic shift aims to secure a competitive edge in the global market by leveraging advanced technologies and innovative financing models. The government's commitment underscores its ambition to position South Korean companies as leaders in developing next-generation infrastructure worldwide.