Ascon Shortage Prompts MOLIT to Prioritize Safety and Livelihood Sites

South Korea’s Ministry of Land, Infrastructure and Transport said it is managing demand for scarce construction materials, including asphalt concrete, with priority given to safety and livelihood-related sites. According to hankyung.com, some work was partly halted due to shortages of insulation, waterproofing materials, sealants and asphalt concrete. As of March, asphalt concrete supply was down 30% from a year earlier, while prices had risen 20% to 30%. The ministry is seeking to minimize full project delays by moving ahead with other work first and will continue site checks through a public-private consultative body so urgent projects receive priority deliveries. Source: hankyung.com