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.
Fact Sheet
Opportunities in the Korean railway market
2023年 08月 01日 16:45
This factsheet provides useful information on the Korean rail industry, its main actors, major projects and the challenges & opportunities for Swiss companies.
![train in a trainstation](/sites/default/files/styles/sge_header_md/public/publication/images/railway.jpg?itok=zwgFHh_g)
Individual Consultation
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.