South Korea Plant Location Factor
Get South Korea Plant Capital Cost Based on the Cost in other Country
Intratec Plant Location Factors (IL Factors) are multipliers that convert industrial plant construction costs from one country to another. The application of IL Factors is simple: to estimate the investment required for constructing a plant in a specific country, simply multiply the known plant investment from a reference country by the appropriate location factor.
IL Factors and key manufacturing costs in South Korea and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Data Use. Calculated monthly, Plant Location Factors provide a straightforward way to estimate what it would cost to build a manufacturing plant in a country of interest, based on construction cost data from other countries. The usage of Intratec Plant Location Factors is simple: to determine the plant cost in a country of interest, one simply multiplies the known plant cost in the reference country by the respective location factor for the specific period. IL factors and key manufacturing costs in South Korea and up to 32 other countries are provided with the annual subscription to "Intratec Industry Economics Worldwide". To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. Plant Location Factors are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
Intratec Industry Economics Worldwide
Assess Manufacturing Competitiveness of South Korea & 32 other Countries
Plans Starting at $149 USD /year
About IL Factors. Plant Location Factors are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. IL Factors are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Covering as many as 33 countries, Plant Location Factors are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities
About South Korea Manufacturing Industry. South Korea's economy is one of the most advanced in the world, characterized by a highly developed industrial base that plays a significant role in both national and global markets. Known for its innovative technology and strong export orientation, South Korea excels in various sectors, including electronics, automotive, shipbuilding, and petrochemicals. The manufacturing sector is a crucial contributor to South Korea’s GDP, driving employment and economic growth.
The South Korean manufacturing industry is distinguished by its focus on high-quality production and cutting-edge technology. With a highly skilled workforce and significant investments in research and development, South Korea has established itself as a leader in producing high-value goods. The electronics and automotive sectors, in particular, are renowned for their technological advancements and global competitiveness.
As South Korea adapts to global economic trends, such as sustainability and digital transformation, its manufacturing sector remains essential to economic resilience. The country is increasingly investing in green technologies and smart manufacturing practices, reinforcing its commitment to sustainable industrial development. With a strong emphasis on innovation and technological advancement, South Korea is well-positioned to maintain its status as a key player in the global manufacturing landscape for years to come.
