Competences Assessment on Construction Companies in Respect to ECDF

Abstract

Korea’s overseas construction contract value has declined due to the changes in the global construction market. As such, Korean construction companies are increasingly utilizing concessional loan in order to enter the overseas market. Also, EDCF funding by the Korean government is also consistently increasing. Furthermore, corporate participation in the related project is projected to rise as a result of increased financial support for economic/social infrastructure facilities to achieve SDGs. In this study, advice on acquiring competency in entering the global market through EDCF program for Korean construction companies is suggested based on research data. Literature review and Focus Group Interview (FGI) targeting relevant professionals were used to derive 49 core competencies for the ECDF program. After surveying EDCF professionals based on the derived competencies, Importance Performance Analysis (IPA) and GAP analysis were applied to the surveyed data. Highly assessed competencies were construction quality control, relationship building through high-level diplomatic activities and project management. Competencies requiring urgent improvement were handling risks of local countries, financing projects and developing know-how within participating companies.