□ Korean modular construction market

 ◦ The Korean modular construction market is expected to grow to 331,887,200 USD in 2025 and exceed 723,065,799 USD by 2030, according to the Korea Institute of Construction Policy. Following a growth of approximately fourfold from 2022 to 2023 (reaching 582,429,501.01 USD), it is projected to reach a maximum size of 3,181,489,515.55 USD by 2030.

□ Korean government’s promotion initiatives

 ◦ Ministry of Land, Infrastructure and Transport - Initiatives to Activate Smart Construction, 'S-Construction 2030', Drive to promote industrialized housing with a target of 3,000 annual public sector orders by 2030, Plan to propose amendments to the Housing Act by 2024 to promote regulatory relaxation such as height limits and floor area ratio related to modular housing, Establishment of 'Modular Housing Policy Forum' to activate modular housing, Signing of MOU for reconstruction cooperation in Ukraine based on modular construction, Initiation of cooperation MOU with Samsung C&T and Saudi Arabia's Public Investment Fund (PIF) for modular housing supply.

 ◦ Korea Land and Housing Corporation (LH) - Announcement of '2030 LH OSC Housing Roadmap', progressing with modular housing projects for 918 units across 7 zones, signing of MOU for modular housing technology cooperation with Smart Modular Forum, establishment of Modular Housing Policy Forum

 ◦ Gyeonggi Urban Innovation Corporation (GH) - Signed MOU with 'GS Construction' and 'Hyundai Engineering' for high-rise modular technology realization.

□ Current Trends in the Korean Modular Construction Industry

 ◦Hyundai Construction - "As part of our ESG management strategy, we will focus on modular construction," and signed an MOU with Boryspil International Airport in Ukraine for airport reconstruction projects.

◦Samsung C&T - Signed a detailed MOU with Saudi Arabia's Public Investment Fund (PIF) for modular housing supply, Signed global modular business cooperation MOUs with POSCO Construction and POSCO A&C, Partnered with Forta PRO, a specialized modular construction company in Latvia, to enter the global modular construction market.

 ◦LG Electronics - Signed MOU with Korea Land and Housing Corporation (LH), Smart Modular Forum, and four modular manufacturing companies for modular housing technology development cooperation.

◦GS Construction - Expanded entry into the modular construction market through acquisition of overseas modular specialists (Danwood S.A. in Poland, Elements Europe Ltd. in the UK), launching the 'Xigeist' brand related to modular housing, and cooperation with Hyundai Engineering on high-rise modular projects.

 ◦ Hyundai Engineering - Completed construction of Korea's first mid-rise modular housing (13 stories), signed cooperation with GS Construction on high-rise modular projects, announced new business in modular housing completion, progressing with the 'Garibong-dong Modular Happy Housing' project, and signed a joint development MOU with Ukraine's Kryvyi Rih City for modular construction projects.

 ◦Kolon E&C - Progressing with the 'Metier' modular townhouse complex project (approximately 316 units).  

 ◦KC Industry - Launched the concrete modular construction platform 'Build Simply,' focusing on integrating architectural PC and new modular construction methods to expand the scope of modular construction applications.

□ Domestic Trends in Overseas Modular Construction

◦ Establishment of Policy Research for Overseas Expansion of Domestic Modular Construction Industry (Ministry of Land, Infrastructure and Transport)

◦ Samsung C&T - ProtaPro (Latvia), Hyundai Construction - Reconstruction Cooperation in Ukraine, Plan M - Jubilee Modular (Australia), and other companies are pushing forward with modular exports and collaborations overseas.

□ Agreements related to modular construction(OSC)

□ Exhibition Overview

 ◦Exhibition: 2024 Smart Modular Construction(OSC) Expo

 ◦Dates/Venue: October 16 (Wed) - October 18 (Fri), 2024 / KINTEX 1 Exhibition Hall 5A

 ◦Organizer: KINTEX (Korea International Exhibition)

 ◦ Special Sponsorship: Smart Modular Forum, Daehan Economy

 ◦ Event Scale:  30 companies, 100 booths, 10,000㎡ ※ Concurrently driven as a Show in Show with 2024 Asia Concrete Expo※ Concurrent Events: Asia Concrete Expo, Korea Construction Safety Expo, Metal Industry Fair, International Tools and Smart Welding Automation Exhibition, International Mobility Industry Fair

□ Strategic Directions

 ◦ Co-organized by Smart Modular Forum and Daehan Economy initially, transitioning to independent co-hosting from the next event

 ◦ Featuring a collective booth of leading domestic modular companies and affiliated firms

 ◦ Hosting an international forum with speakers from domestic and international sectors to elevate the prestige of the modular industry

 ◦ Enhancing public awareness through active participation and networking among government, industry, and academia

□ Exhibit Categories and Business Programs

□ Exhibition Layout (Provisional Plan): 30 Companies, 100 Booths

□ Conferences and Forums (Planned)

 ◦ Direction

   -Integration of Policy Forums and Technology Conferences

   -Considering inclusion of speakers from international companies for Technology Conferences

□ 2024 Asia Concrete Expo & Smart Modular Construction(OSC) Expo Secretariat

 ◦ Homepage URL: https://asiaconcretex.micehub-gov.com/fairDash.do

 ◦ Tel: (+82) 031-995-8783/8042/8599

 ◦ Email: kcexpo@kintex.com / concretex@kintex.com

○ South-east asia Constrution (Singapore)

○ Constrution Thailand, Engineering Today (Thailand)

○ Concrete Plant International (Germany)

○ World of Concrete Asia (China)

○ IPAF (Non-Profit International Organization Based on UK)