South Korea contractors lean on skills to win overseas bids

In Turkey and Mideast, builders shun underbidding and loss-making projects

202202024N bridge

Representatives from a South Korean-led consortium stand in front of the newly completed Canakkale 1915 Bridge. (Photo by Momoko Kidera)

KOTARO HOSOKAWA and MOMOKO KIDERA, Nikkei staff writers

SEOUL/ISTANBUL -- South Korean general contractors once scooped up overseas projects by constantly underbidding rivals. Now those companies have come to lean on their technical prowess to set them apart.

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