South Korean Transportation Industry Outlook to 2016: Market Profile
Synopsis The report provides market analysis, information and insights, including: • Description and market outlook for the transportation industry in South Korea • Historic and forecast market sizes covering the transportation industry in South Korea • Detailed market classification for the transportation industry in South Korea Summary As Latin America’s third-largest and second-most populous country, South Korea has an extensive transport network to meet the requirements of its growing economy. The transport industry registered growth during the first two years of the review period, but declined in 2008 and 2009 due to the global economic recession and the H1N1 flu epidemic. However, in 2010, the industry registered positive growth in all modes of transport. Growth in the air transport market was mainly driven by the success of low-cost carriers, while the key driver of growth for road transport during the review period was increased government investment on the country’s ...