In 2023, South Korea saw an actual investment of 20.5 billion Euros in inland transport infrastructure. Forecasted data for 2024 predicts an increase to 20.806 billion Euros, showing a slight growth rate of 1.5% from the previous year. The momentum continues with a 1.5% year-on-year increase in 2025 to 21.124 billion Euros and further annual growth rates of 1.48%, 1.43%, and 1.38% reaching 22.042 billion Euros by 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period is approximately 1.46% annually.
Future trends to watch for include:
- Technological advancements in transportation infrastructure, such as smart cities and autonomous vehicles.
- Government policies and funding directed towards sustainable and green transport solutions.
- The impact of international trade agreements on logistics and supply chain demands.