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South Korean construction companies are more likely to be subjected for a sluggish growth this year as predictions of oil to cut to half of its price at the present. (Photo by Chung Sung-Jun/Getty Images)

Feb 18, 2016 AM EST - Dalal Nasif

South Korea's Revenue From Overseas Construction Industry Plunges Due To Low Oil Prices

The drop in oil is felt hard by South Korea’s construction companies with projects lowering to 30 percent from last year. The oil price per barrel is further forecasted to go down half of its low price at the present this 2016.

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