Opportunities in the Korean railway market

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.