South Korea Transportation Infrastructure Construction Market Analysis
The South Korea Transportation Infrastructure Construction Market size is estimated at USD 5.79 billion in 2025, and is expected to reach USD 6.87 billion by 2030, at a CAGR of 3.5% during the forecast period (2025-2030).
South Korea has been intensifying efforts to modernize its transportation infrastructure, aiming to enhance connectivity and drive economic growth. A key development is the Third Incheon Bridge, a 4.68 km cable-stayed structure connecting Cheongna International City with Yeongjongdo. Initiated three years ago, the project is scheduled for completion in 2025, with the objective of significantly reducing travel times to critical areas in Seoul.
In the aviation sector, following major incidents, including a Jeju Air crash in December 2024, the South Korean government established a committee in February 2025 to overhaul the aviation safety framework. This initiative is focused on strengthening maintenance protocols and optimizing airport operations to rebuild public confidence in air travel.
Additionally, South Korea is advancing its commitment to sustainable transportation. Hyundai Motor Group announced a record USD 16.7 billion investment in 2025 to expedite the transition to electric vehicles (EVs). This investment encompasses EV production facilities and autonomous driving technology, aligning with global trends toward environmentally friendly transportation solutions.
These strategic initiatives underscore South Korea’s dedication to modernizing its transportation infrastructure, prioritizing safety, and fostering sustainable mobility, thereby reinforcing its position as a leader in innovative transportation solutions.
South Korea Transportation Infrastructure Construction Market Trends
Implementation of Advanced Technology in Road Infrastructure
In 2024 and 2025, South Korea has been strategically integrating advanced technologies into its road infrastructure to enhance operational efficiency and safety. A key development occurred in early 2024 when the Ministry of Land, Infrastructure and Transport formalized a memorandum of understanding with the Gyeonggi Provincial Government and Gwangju Metropolitan City. This agreement focuses on deploying digital twin technology for road maintenance, with the objective of establishing standardized digital road registers. This initiative is expected to enable more efficient, data-driven road maintenance platforms.
In November 2024, researchers at the Korea Institute of Machinery and Materials (KIMM) unveiled an innovative ‘morphing’ wheel designed to adapt to various obstacles. Drawing inspiration from the surface tension of water droplets, this wheel transitions from a solid to a fluid state when encountering impediments. Its application potential spans wheelchairs, unmanned delivery vehicles, and robots. A prototype demonstration showcased its capabilities, with a wheelchair successfully navigating 18-cm steps, underscoring its adaptability across diverse terrains.
Looking ahead, the South Korean government has outlined ambitious plans to equip all road infrastructure with Cooperative Intelligent Transport Systems (C-ITS) by 2030. This advanced technology facilitates seamless information exchange between vehicles and surrounding infrastructure, aiming to optimize traffic management and accelerate the development of autonomous vehicles.
These initiatives reflect South Korea’s commitment to leveraging advanced technologies in road infrastructure, with the goal of creating a safer, more efficient, and intelligent transportation ecosystem.
Investment in Hydrogen Fuel Cell Technology for Transportation
In 2024 and 2025, South Korea significantly increased investments in hydrogen fuel cell technology, aiming to transform its transportation sector. In November 2024, the government announced plans to develop the world’s largest hydrogen fuel cell power plant in Gyeongju, projected to supply clean energy to approximately 270,000 households annually upon completion in 2028.
The private sector has also played a pivotal role in advancing this initiative. In September 2024, General Motors and Hyundai Motor Group entered into a strategic partnership to co-develop a new portfolio of passenger and commercial vehicles, focusing on electric and hydrogen fuel cell technologies. This collaboration seeks to optimize costs and accelerate the commercialization of a broader range of vehicles by leveraging their combined expertise and economies of scale.
Additionally, in December 2024, South Korea recorded a 64% year-on-year increase in hydrogen fuel demand within the mobility sector, driven by the growing adoption of hydrogen buses and other fuel cell vehicles.
These developments underscore South Korea’s strategic commitment to integrating hydrogen fuel cell technology into its transportation infrastructure, positioning itself as a leader in sustainable and eco-friendly mobility solutions.
South Korea Transportation Infrastructure Construction Industry Overview
The South Korean transportation infrastructure construction market is fragmented, with several national and international players in it. It is expected to show steady growth during the forecast period owing to the increasing amount of government investments in the sector. There is always room for small players to enter the market due to several projects on the line. Some of the key players in the market include Samsung C&T, Hyundai E&C, Daaelim Industrial, GS E&C, and Daewoo E&C, among others.
South Korea Transportation Infrastructure Construction Market Leaders
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Samsung C&T
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Hyundai E&C
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Daaelim Industrial
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GS E&C
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Daewoo E&C
- *Disclaimer: Major Players sorted in no particular order
South Korea Transportation Infrastructure Construction Market News
- January 2025: South Korea announced plans to replace the concrete or steel embankments of the “localizer” structures at seven domestic airports by the end of the year. This decision followed a tragic Jeju Air crash in December 2024, where a Boeing 737-800 collided with an antenna structure at Muan airport, resulting in 179 fatalities. The initiative aims to enhance landing guidance systems and prevent future accidents.
- December 2024: eoul completed the transformation of the Cheonggyecheon area by replacing an elevated highway with a 3.5-mile stream. Initially feared to cause traffic congestion, the project instead created a vibrant public space, cooling the area, reducing air pollution, and promoting biodiversity. The restoration exemplifies a shift from car-centric to pedestrian-friendly urban planning, inspiring similar projects globally.
South Korea Transportation Infrastructure Construction Industry Segmentation
The transport infrastructure construction market includes many activities associated with the construction of roads, railways, airports, and other related infrastructure.
The South Korean transportation infrastructure construction market is segmented by type (roadways, railways, airports, ports, and inland waterways).
The report offers market size and forecasts for the transportation infrastructure construction market in value (USD) for all the above segments.
By Mode | Roadways |
Railways | |
Airways | |
Ports and Inland Waterways |
Roadways |
Railways |
Airways |
Ports and Inland Waterways |
South Korea Transportation Infrastructure Construction Market Research FAQs
How big is the South Korea Transportation Infrastructure Construction Market?
The South Korea Transportation Infrastructure Construction Market size is expected to reach USD 5.79 billion in 2025 and grow at a CAGR of 3.5% to reach USD 6.87 billion by 2030.
What is the current South Korea Transportation Infrastructure Construction Market size?
In 2025, the South Korea Transportation Infrastructure Construction Market size is expected to reach USD 5.79 billion.
Who are the key players in South Korea Transportation Infrastructure Construction Market?
Samsung C&T, Hyundai E&C, Daaelim Industrial, GS E&C and Daewoo E&C are the major companies operating in the South Korea Transportation Infrastructure Construction Market.
What years does this South Korea Transportation Infrastructure Construction Market cover, and what was the market size in 2024?
In 2024, the South Korea Transportation Infrastructure Construction Market size was estimated at USD 5.59 billion. The report covers the South Korea Transportation Infrastructure Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Transportation Infrastructure Construction Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South Korea Transportation Infrastructure Construction Industry Report
Statistics for the 2025 South Korea Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Transportation Infrastructure Construction analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.