{"product_id":"dlenc-pestle-analysis","title":"DL E\u0026C PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePlan Smarter. Present Sharper. Compete Stronger.\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eGain a strategic edge with our PESTLE Analysis of DL E\u0026amp;C—examining political, economic, social, technological, legal and environmental forces shaping the firm's future. Ready-made, editable, and research-backed; purchase the full report for instant, actionable insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInfrastructure spending and public budgets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGovernment CAPEX cycles drive civil and social infrastructure pipelines for EPC bidders; South Korea’s 2024 state budget was about KRW 639.5 trillion, highlighting sizable public spending levers. Shifts in fiscal priorities can accelerate metro, rail and water projects or defer them, so DL E\u0026amp;C must track national and municipal budget calendars to time bids and resources. Diversification across countries smooths budget-driven volatility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical risk and market access\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSanctions, trade restrictions, and diplomatic rifts can halt cross-border plant and power projects, so DL E\u0026amp;C must treat market access as a core risk; projects into the Middle East, Southeast Asia, and other emerging markets offer high returns alongside elevated political risk. Scenario planning and political risk insurance (via providers such as MIGA and private PRI markets) are essential for contracts and financing. Strong local joint ventures and trusted partners reduce entry barriers, speed permitting, and limit exposure to sudden regulatory shifts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePPP frameworks and procurement rules\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePolicy support for PPP\/PFI determines pipeline size and risk allocation; World Bank PPI reported roughly $100bn in PPP investments in developing countries in 2023, signaling available opportunity and competitive risk transfer models.\u003c\/p\u003e\n\u003cp\u003eTransparent tendering, local content and strict qualification criteria materially affect win rates and margin potential, with localization requirements often raising capex by 3–7% in recent projects.\u003c\/p\u003e\n\u003cp\u003eDL E\u0026amp;C should optimize consortium structures to meet localization and financing requirements and engage authorities early to influence design and accelerate approvals, cutting typical permitting delays by months.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy and industrial policy shifts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGovernment roadmaps for petrochemicals, hydrogen and renewables shape plant demand; global clean energy investment reached about 1.7 trillion USD in 2023 (IEA) and US IRA offers roughly 369 billion USD in clean-energy tax incentives, unlocking EPC opportunities in low-carbon infrastructure. DL E\u0026amp;C must align bids with national industrial strategies to qualify for incentives, and maintain flexible backlog composition to withstand policy reversals.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eroadmaps → plant demand\u003c\/li\u003e\n\u003cli\u003eIRA 369bn USD → EPC incentives\u003c\/li\u003e\n\u003cli\u003e1.7tn USD (2023) → market scale\u003c\/li\u003e\n\u003cli\u003ealign bids for incentives\u003c\/li\u003e\n\u003cli\u003eflexible backlog to hedge reversals\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor mobility and immigration policy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eRestrictions on foreign skilled labor can constrain site staffing and raise costs; for example the US H-1B annual cap remains 85,000, limiting rapid redeployment. Visa regimes and worker quotas differ by host country and project phase, increasing mobilization time and premium labor rates. DL E\u0026amp;C should build local training pipelines and regional labor pools and strictly comply with worker welfare standards to protect licenses and reputation.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eImpact: H-1B cap 85,000 limits US skilled inflow\u003c\/li\u003e\n\u003cli\u003eMitigation: invest in local training and regional pools\u003c\/li\u003e\n\u003cli\u003eCompliance: worker-welfare breaches risk fines and license loss\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCAPEX, PPP and $1.7T clean-energy drive EPC; localize to manage H-1B risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGovernment CAPEX cycles (S Korea 2024 budget KRW 639.5T) and PPP flows (~$100bn 2023) set pipeline timing; policy incentives (global clean-energy $1.7T 2023; US IRA ~$369bn) shift EPC demand while localization often adds 3–7% capex. Sanctions, trade frictions and labor caps (H-1B 85,000) raise market-access and staffing risk; mitigate via JV, PRI, local training and flexible backlog.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eFactor\u003c\/th\u003e\n\u003cth\u003eKey data\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003cth\u003eMitigation\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBudget cycles\u003c\/td\u003e\n\u003ctd\u003eKRW 639.5T (2024)\u003c\/td\u003e\n\u003ctd\u003eTiming of bids\u003c\/td\u003e\n\u003ctd\u003eAlign bids with calendars\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eClean-energy\u003c\/td\u003e\n\u003ctd\u003e$1.7T (2023); IRA $369B\u003c\/td\u003e\n\u003ctd\u003eNew EPC demand\u003c\/td\u003e\n\u003ctd\u003eTarget incentives\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLabor\u003c\/td\u003e\n\u003ctd\u003eH-1B cap 85,000\u003c\/td\u003e\n\u003ctd\u003eStaffing cost\/delay\u003c\/td\u003e\n\u003ctd\u003eLocal training\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how Political, Economic, Social, Technological, Environmental and Legal factors uniquely affect DL E\u0026amp;C, with data-backed trends and sector-specific examples to reveal risks and opportunities for strategy and investment decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eClean, summarized PESTLE insights for DL E\u0026amp;C, visually segmented by category and concise enough to drop into presentations or planning sessions, while allowing quick annotations for regional or business-line context and easy sharing across teams.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest rates and project financing costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRising global rates (US policy 5.25–5.50% mid‑2025) lift sponsor WACC and compress NPV for long‑gestation assets; project returns can fall by several percentage points. EPC orders relying on limited‑recourse finance often slip or downsize as spreads have widened ~150–250 bps YoY. DL E\u0026amp;C can differentiate by offering arranging capabilities and EPC+F packages, plus hedging and flexible payment milestones to protect cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity and materials price volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSteel, cement, copper and fuel swings (HRC volatility ~±18% 2023–24) pressure DL E\u0026amp;C lump-sum margins; Brent averaged about 86 USD\/bbl in 2024 and copper near 9,500 USD\/t, while cement saw ~7% regional inflation YoY in 2024. Escalation clauses and supplier frameworks are essential to transfer risk. DL E\u0026amp;C should expand strategic sourcing and inventory buffers for critical items. Value engineering and modularization reduce exposure to spot markets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency fluctuations (KRW vs USD and local FX)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRevenue often denominated in USD (USD ≈ 1,300 KRW mid‑2025) while costs span KRW, EUR, AED and local FX, so exchange moves materially affect margins. Recent KRW swings versus USD have amplified reported earnings volatility and eroded project-level profitability on large overseas contracts. DL E\u0026amp;C requires disciplined hedging, natural offsets and FX‑aligned contracting; country choice must factor convertibility and repatriation risk. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal growth and capex cycles\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIndustrial capex tracks GDP and energy costs: IMF projected global growth ~3.0% in 2024 with modest pickup to ~3.1% in 2025, while Brent averaged about $85\/bbl in 2024, shaping petrochemical investment cycles and balance-sheet capacity.\u003c\/p\u003e\n\u003cp\u003eDownturns compress order books; recoveries expand backlog—DL E\u0026amp;C should balance cyclical petrochem exposure with resilient water and transmission projects and expand counter-cyclical O\u0026amp;M to stabilize revenue.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eGDP: IMF global growth ~3.0% (2024), ~3.1% (2025)\u003c\/li\u003e\n\u003cli\u003eEnergy: Brent ~USD 85\/bbl (2024 avg)\u003c\/li\u003e\n\u003cli\u003eStrategy: mix petrochem + water\/transmission + O\u0026amp;M\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCredit risk of sponsors and counterparties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDeveloper and SOE solvency directly affects milestone payments and change-order recovery; DL E\u0026amp;C reported a backlog of about KRW 9 trillion in 2024, concentrating cashflow risk with large sponsors. Tight credit conditions in 2024–25 raised default and delay probabilities across construction, pushing firms to bolster pre-award due diligence and require guarantees or standby LCs. Diversifying client mix lowers concentration risk and improves resilience.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRequire guarantees\/LCs\u003c\/li\u003e\n\u003cli\u003eEnhance pre-award due diligence\u003c\/li\u003e\n\u003cli\u003eDiversify client mix\u003c\/li\u003e\n\u003cli\u003eMonitor sponsor solvency\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCAPEX, PPP and $1.7T clean-energy drive EPC; localize to manage H-1B risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigher global rates (US 5.25–5.50% mid‑2025) and tighter spreads cut NPV on long projects; commodity swings (Brent ≈ USD85 2024, copper ≈ USD9,500\/t, HRC ±18% 2023–24) squeeze lump‑sum margins and inflate costs. FX (USD ≈1,300 KRW mid‑2025) and sponsor solvency (DL E\u0026amp;C backlog ≈ KRW9tn 2024) drive project risk; disciplined hedging, escalation clauses and mix diversification are essential.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUS policy rate\u003c\/td\u003e\n\u003ctd\u003e5.25–5.50% (mid‑2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBrent 2024\u003c\/td\u003e\n\u003ctd\u003e~USD85\/bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCopper\u003c\/td\u003e\n\u003ctd\u003e~USD9,500\/t\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eKRW\/USD\u003c\/td\u003e\n\u003ctd\u003e~1,300 (mid‑2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBacklog\u003c\/td\u003e\n\u003ctd\u003eKRW9tn (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003eDL E\u0026amp;C PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThis DL E\u0026amp;C PESTLE Analysis provides a concise, professional evaluation of Political, Economic, Social, Technological, Legal, and Environmental factors affecting DL E\u0026amp;C. The preview shown here is the exact document you’ll receive after purchase—fully formatted and ready to use. No placeholders or teasers—what you see is the final, downloadable file.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":56162502771065,"sku":"dlenc-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/dlenc-pestle-analysis.png?v=1762701763","url":"https:\/\/portersfiveforce.com\/products\/dlenc-pestle-analysis","provider":"Porter's Five Forces","version":"1.0","type":"link"}