Construction and Projects in South Korea: Overview | Practical Law

Construction and Projects in South Korea: Overview | Practical Law

A Q&A guide to construction and projects in South Korea.

Construction and Projects in South Korea: Overview

Practical Law Country Q&A 4-385-8638 (Approx. 20 pages)

Construction and Projects in South Korea: Overview

by Lee, Kyung Jun, Woo, Jae Hyong, Nahm, Hyung Won and Jeon, Jun Kyu, Yulchon LLC
Law stated as at 01 Jun 2022South Korea
A Q&A guide to construction and projects in South Korea.
The Q&A is part of the global guide to construction and projects. Areas covered include trends and significant deals, the main parties, procurement arrangements, transaction structures and corporate vehicles, financing projects, security and contractual protections required by funders, standard forms of contract, risk allocation, exclusion of liability, caps and force majeure. Also covered are material delays and variations, appointing and paying contractors, subcontractors, licences and consents, project insurance, labour laws, health and safety, environmental issues, corrupt business practices and bribery, bankruptcy and insolvency, public private partnerships (PPPs), dispute resolution, tax, the main construction organisations, and proposals for reform.