Key Market Indicators
Korean rail infrastructure is poised for expansion, with the total rail length expected to reach approximately 4,700 route-kilometers by 2028, up from 4,430 route-kilometers in 2023. This represents a compound annual growth rate (CAGR) of 1% year on year. Since 2000, Korea's rail supply has seen a modest annual increase of 1.1%. In the global rankings for rail length in 2023, Korea was positioned at number 29, just behind Uzbekistan, which also reported 4,430 route-kilometers. The top spots were occupied by China, Russia, and India, respectively. On the financial front, Korea's rail infrastructure expenditure is projected to rise to roughly €6.77 billion by 2028, up from €6.50 billion in 2023. This reflects an average annual growth rate of 0.7%. From 2006 onwards, Korean demand for rail infrastructure investment has grown at an average rate of 3.9% per year.
