Market Overview
Since the early 2000s, the trend of building with wood in Korea has increased. This is largely due to the country’s rising affluence, as well as new policies supporting the urban decentralization strategy that encourages a more balanced mix of building types (high-, mid- and low-rise). Government efforts to encourage the construction of passive and zero-energy buildings by 2025 present further opportunities for wood within Korea’s construction sector.
In addition, with the Canada-Korea Free Trade Agreement, BC enjoys tariff-free access for our lumber products and will see the gradual elimination of tariffs for other wood products.