The motorway infrastructure investment in South Korea saw fluctuating trends between 2013 and 2023. After a significant rise from 2013 to 2015, investment levels saw a decline, fluctuating until 2023 where it stood at 1074.9 million Euros. In the past two years (2022-2023), there was a minimal year-on-year increase of 0.075%, and the investments over the last five years reflected a moderate CAGR of 2.98%. Starting from 2024, the investment levels are forecasted to remain relatively stable with slight growth, achieving an annual CAGR of 0.07% through 2028.
Future trends to watch for:
- Government policy changes influencing budget allocation.
- Economic conditions affecting investments in infrastructure projects.
- Technological advancements in construction that may reduce costs or necessitate different investment strategies.