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Clear Recovery in Ulsan's Construction Sector Stabilizes Local Economy Through Higher Subcontracting Rate and Job Creation
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- Ulsan City conducted a 2025 local construction market survey, which found that construction orders in Ulsan in March 2025 totaled 601.2 billion won, up 20.7% from the same month last year.
- Construction employment in Ulsan reached 9,489 in 2024, an increase of 4,081, and the local subcontracting rate reached 33.08%, meeting the 33% target.
- Ulsan City plans to visit the headquarters of major construction firms in Seoul from June 11 to 13 to discuss expanding local business participation, aiming for a 35% subcontracting rate this year.
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Read the full article (machine translation) → Original article (Korean): 울산 건설경기 회복세 뚜렷…하도급률 상승과 고용 창출로 지역경제 안정화 주도
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