Key Market Indicators
Korean Air Passenger Traffic is projected to soar to approximately 131 million by 2028, up from about 104 million in 2023. This marks an average annual growth rate of 3.6%. Since 1975, Korean demand for air travel has seen a consistent year-on-year increase of 3.4%. In 2023, South Korea ranked 10th in global air passenger traffic, with Brazil surpassing it with roughly 104 million travelers. China, India, and Ireland secured the second, third, and fourth spots in this ranking, respectively.
