In 2023, South Korea's road infrastructure spending stood at 16.7 billion Euros. Forecasted for 2024 is a rise to 16.995 billion Euros, a year-on-year increase of approximately 1.76%. By 2025, it is projected to reach 17.321 billion Euros, marking a 1.92% increase from the previous year. For 2026, the forecast predicts a spending of 17.64 billion Euros, reflecting a 1.84% rise from 2025. The trend continues in 2027 with an estimated expenditure of 17.953 billion Euros, up by 1.77% from the previous year. In 2028, road infrastructure spending is forecasted to be 18.26 billion Euros, suggesting a 1.71% increase from 2027. Over the forecast period, the compound annual growth rate (CAGR) is projected to be around 1.8% per year.
Future trends to watch for include potential policy changes affecting infrastructure investment, technological advancements in road construction, and shifting economic conditions that may influence funding allocations. Additionally, the impact of sustainability initiatives and smart infrastructure developments could alter spending priorities in South Korea's road infrastructure sector.
