Local constructors' annual order receipts from the domestic market are expected to drop 4.4 percent next year compared with this year due to the further contraction of orders in private sector. The Korea Federation of Construction Contractors (KFCC) forecast in its recent outlook for the construction market in 2008 that constructors' annual order receipts from the domestic market will stay at 101.25 trillion won next year, getting lower than this year.
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