The inland passenger transport movements in South Korea were recorded at 520.5 billion passenger kilometers in 2023. Moving forward, the forecasted data for the period from 2024 to 2028 presents an upward trend. The projected values indicate a steady increase year-on-year. Specifically, the anticipated movements are 529.02 billion passenger kilometers in 2024, 536.69 in 2025, 544.2 in 2026, 551.57 in 2027, and 558.79 in 2028.
Key variations observed:
- From 2024 to 2025: a 1.45% increase
- From 2025 to 2026: a 1.40% increase
- From 2026 to 2027: a 1.35% increase
- From 2027 to 2028: a 1.31% increase
The Compound Annual Growth Rate (CAGR) for the 5-year period from 2023 to 2028 is projected to be approximately 1.42%.
Future trends to watch for include potential impacts of emerging technologies like autonomous vehicles and improvements in public transportation infrastructure, as well as societal shifts towards more sustainable and efficient travel modes.
