From 2013 to 2023, the number of persons employed in air transport in South Korea fluctuated, with periods of notable growth and some declines. In 2023, employment reached 42.7 thousand units, representing a 1.67% increase from the previous year. Over the last two years, the average annual growth rate was approximately 1.68%. The Compound Annual Growth Rate (CAGR) over the past five years was 2.52%. The forecast from 2024 to 2028 predicts steady growth, with an estimated five-year CAGR of 1.17%, reaching 46.0 thousand units by 2028.
Future trends to watch for:
- Technological advancements and their impact on labor demand.
- Regulatory changes and their potential to affect employment dynamics.
- The impact of global and regional economic conditions on air transport demand.
- Environmental policies and industry shifts towards sustainable practices.
