|Title||The Growth of the ASEAN Infrastructure Market and Its Implications for Policy Makers in Korea|
|Author||Sungil Kwak and Mi Lim Kim|
As of October 2018, Korean construction firms have received a total of 98.9 billion U.S. dollars in orders (or 40.9 percent of all orders) within the New Southern region, which includes ASEAN Member States (AMSs). The figure exceeds the 85.7 billion U.S. dollars in orders to the Middle East (35.5 percent of the total), indicating that the New Southern region has become Korea's largest origin of orders. We provide comprehensive information on the ASEAN infrastructure market to policy makers in Korea. In addition, we survey Korean construction firms to evaluate their business environment and performance. Furthermore, we search for lessons to be gained by analyzing the support measures of Japan for its firms in ASEAN infrastructure markets.