South Korea Infrastructure Market

South Korea Infrastructure Market Trend, Opportunity, and Forecast Analysis, 2024-2033

South Korea Infrastructure Market is segmented by Type. KDMI analyst’s growth analysis foresees market revenue to cross USD 78.18 Billion by 2033 by growing with a CAGR of 3.65% during 2024-2033.

South Korea Infrastructure Market Highlights

The South Korea Infrastructure market is expected to cross a market size of USD 78.18 Billion by the end of 2033. The market size was valued at USD 56.14 Billion in 2023 and is expected to expand at a CAGR of 3.65% between 2024-2033.

  • Over the mid-term, financing in transportation Infrastructure is the primary factor anticipated to drive the South Korea infrastructure market.
  • Shortage of synchronization among government agencies is a major factor to challenge the market growth.

              South Korea Infrastructure Market: Report Scope

Base Year


Base Year Market Size

     USD 56.14 Billion

Forecast Year


Forecast Year Market Size

     USD 78.18 Billion

CAGR Value


South Korea Infrastructure Market Key Trends/Major Growth Drivers

  • Rising demand for remote support of the VDI
  • Swift Urbanization and rising population

Restraint Factors

  • Shortage of synchronization among government agencies
  • Financial Health of Infrastructure Companies

South Korea Infrastructure Market Segmentation

  • By Type

South Korea Infrastructure Market Key Players

GS E&C, Daewoo E&C, Hyundai Engineering, Lotte E&C, HDC, Samsung C&T, Hyundai E&C, Daelim Industrial, POSCO E&C, Hoban Construction, and others.

South Korea Infrastructure Market Outlook

Infrastructure can mean the foundation upon which the structure of an economy is built. It often involves the production of public goods or production processes. Examples of infrastructure include transportation systems, communication networks, sewage, water, and school systems. Infrastructure is essential for economic development, societal well-being, and overall functionality, as it supports the basic services and facilities necessary for daily life and economic activities.

Massive finances is made by South Korea in transportation infrastructure. Transport is an essential part of the economy. It makes daily travel more convenient, allows us to travel freely to all corners of the country, and allows us to receive parcels and other goods in the comfort of our own homes. The transportation and logistics industries are indeed the pillars that support Korea's economy, and new modes of mobility, such as autonomous vehicles and urban air mobility (UAM), are providing new impetus for future growth. South Korea hopes that by 2035, half of all new cars will be fully automated and that traffic-related deaths will limit under 1000 per year.

For instance, MOLIT will accelerate key transportation projects such as the Great Train eXpress (GTX), metropolitan/high-speed railways, underground expressways, and the new airport in Gadeokdo to address traffic congestion in metropolises and achieve more balanced national growth. To provide consumer-centric services, public transportation will make an innovative shift. MOLIT intends to increase investment in expanding public transportation services and improving intermodal transfer while updating outdated regulations. GS E&C, Daewoo E&C, Hyundai Engineering, Lotte E&C, HDC, and Samsung C&T are some of the significant parties in the market for South Korea Infrastructure.

South-Korea-Infrastructure-Market Graph

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South Korea Infrastructure Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the South Korea infrastructure market are:

  • Rising demand for remote support of the VDI (Virtual Desktop Infrastructure): A primary factor of the VDI (Virtual Desktop Infrastructure) market’s expansion in South Korea is the increasing demand for remote support from a variety of organizations. Due to the requirement for affordable solutions to optimize various business operations and the rise in internet speeds, remote support software is in high demand. In addition, companies that concentrate on fixing end-user technical problems stand to gain more from remote support software solutions. Solutions for malware detection, firmware support, and battery optimization are used by a significant percentage of consumers.
  • Swift Urbanization and rising population: South Korea has knowledgeable swift urbanization and population growth in recent decades. It leads to the rising demand for infrastructure such as transportation networks, water supply systems, and waste disposal facilities. The country's urban population has grown from 40% in 1960 to over 81% in 2020, as analysts report putting pressure on existing infrastructure and necessitating new investments.

Which Probable Factors Could Hamper the Growing South Korea Infrastructure Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of South Korea Infrastructure are:

  • Shortage of synchronization among government agencies: In South Korea, government agencies function self-sufficiently. It does not require to coordinate with project authorities to facilitate approval procedures. Inexplicable delays in administrative approvals and clearances often result in project delays. It results in lengthy court dispute settlements between companies.
  • Financial Health of Infrastructure Companies: The meagre financial health of many infrastructure companies has resulted in lenders seeking to limit their credit exposure to the sector. It makes many players cash-strapped. This has fortified only larger and financially stronger companies to survive, contributing to sector consolidation.

How is the South Korea Infrastructure Market Segmented?

Our experts at KD Market Insights have segmented the South Korea Infrastructure market research report as:

By Type

  • Social Infrastructure
  • Transportation Infrastructure
  • Extraction Infrastructure
  • Manufacturing Infrastructure

Which Key Players Top the South Korea Infrastructure Market Share?

As per our analysts at KD Market Insights, the competitive landscape of South Korea Infrastructure market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with South Korea Infrastructure market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the South Korea Infrastructure market share:

  • GS E&C
  • Daewoo E&C
  • Hyundai Engineering
  • Lotte E&C
  • HDC
  • Samsung C&T
  • Hyundai E&C
  • Daelim Industrial
  • Hoban Construction

What are the Recent Developments Observed in the South Korea Infrastructure Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with South Korea Infrastructure market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Keppel Infrastructure, based in Singapore, completed the USD 0.60 billion acquisition of EMK Co., South Korea's leading waste management company. The sale price of approximately 20 times earnings before interest, taxes, depreciation, and amortization (EBITDA) was viewed as excessive by industry sources, despite the waste management company's growth potential, given the recent deterioration in market sentiment due to rising interest rates and other bearish factors.

Further, Hyundai Motor Group (HMG/the Group) will expand its strategic partnership with KT Corporation (KT), Korea's leading telecommunications company, to lead the future mobility market. Hyundai Motor Group announced today that it would push for comprehensive and extensive collaboration in next-generation communication infrastructure and ICT, including joint research with KT on 6G autonomous driving technology and an Advanced Air Mobility (AAM) communication network based on satellite communication.

  1. Executive Summary
    1. Market Overview
    2. Key Findings
    3. Market Trends
    4. Market Outlook
  2. Introduction
    1. Scope of the Report
    2. Research Methodology
    3. Definitions and Assumptions
    4. Acronyms and Abbreviations
  3. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Challenges
  4. South Korea Infrastructure Market
    1. Market Overview
    2. Market Size and Forecast
    3. Market Segmentation
      1. By Type
  5. Market Segmentation by Type
    1. Social Infrastructure
    2. Transportation Infrastructure
    3. Extraction Infrastructure
    4. Manufacturing Infrastructure
  6. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
      1. GS E&C
      2. Daewoo E&C
      3. Hyundai Engineering
      4. Lotte E&C
      5. HDC
      6. Samsung C&T
      7. Hyundai E&C
      8. Daelim Industrial
      9. POSCO E&C
      10. Hoban Construction
  7. Strategic Recommendations
  8. Appendix
    1. List of Tables
    2. List of Figures
  9. References

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  • Publication date: 10th July 2024
  • Base year: 2022
  • Forecast year: 2023-2033
  • Format: PDF, PPT,Word,Excel

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Frequently Asked Questions(FAQ)

The South Korea Infrastructure market is expected to cross a value of USD 78.18 billion by the end of 2033.

The South Korea Infrastructure market was valued at USD 56.14 billion in 2023.

Over the mid-term, the Rising demand for remote support of the VDI is the primary factor anticipated to drive the South Korea Infrastructure market.

The South Korea Infrastructure market is segmented by Type.

Some of the key players in the South Korea Infrastructure market include GS E&C, Daewoo E&C, Hyundai Engineering, Lotte E&C, HDC, and Samsung C&T among others.

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