The value added of air transport in South Korea stood at 6.6943 trillion South Korean Wons in 2023, marking a year-on-year increase of 1.91%. Historically, the sector experienced fluctuations with notable peaks and troughs from 2013 onwards. Over the last five years, the compound annual growth rate (CAGR) was recorded at 2.49%. As we move forward, the forecasted data indicates a steady growth trend with a 5-year CAGR of 1.33%, reaching 7.2835 trillion South Korean Wons by 2028.

Future trends to watch for include:

Technological advancements in aviation contributing to operational efficiencies.
Increase in international travel demand driven by economic growth.
Potential impacts of environmental policies and sustainability initiatives.
Effects of geopolitical events on air transport dynamics.