From 2013 to 2023, the total inland passenger transport in South Korea showed consistent growth, reaching 525.08 billion passenger kilometers in 2023. The highest year-on-year increase was in 2016 with 3.22%, while the most recent CAGR during 2019-2023 averaged at 1.83% annually. Forecasts predict a continued rise, achieving 563.95 billion passenger kilometers by 2028.
Key future trends to watch for include:- Advances in transportation technology and infrastructure developments.- Shifts in consumer behavior towards more sustainable and efficient transport modes.- Potential impacts of policy changes focused on reducing carbon emissions.- Economic factors influencing travel demand and transport investment.
