The Korean rail industry boasts a rich history, with its inception dating back to 1899. Despite setbacks like the Korean war in 1950, the government's determined efforts, aided by US support, successfully rebuilt the rail network. A significant milestone occurred in 2004 with the introduction of high-speed railways, catalyzing market expansion. Today, the industry emphasizes technology development through institutions like the Korea Railroad Research Institute and Hyundai-Rotem. With a projected railway rolling stock market size of 3.5 billion USD for the next five years, it presents a lucrative opportunity for Swiss companies active in the rail industry.
Opportunities in the Korean railway market
This factsheet provides useful information on the Korean rail industry, its main actors, major projects and the challenges & opportunities for Swiss companies.
Are you interested in the Korean infrastructure market? Contact our consultant for this country in order to discuss the potential of your products and services in this region.