B2B drives market demand, with B2B spending representing 85.0% of total demand in 2023. Korean Air Lines Co Ltd is the largest company in South Korea, generating 55.1% of the industry’s total turnover value in 2023. The industry is concentrated, with the top five companies generating 96.2% of total production value in 2023. The total number of companies decreases in 2023, to 514 units. The costs of the industry increase by 1.8% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 6.6% of turnover in 2023, the 17th highest regionally. With turnover of USD28.2 billion, South Korea accounts for 8.4% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Air Transport in South Korea: ISIC 62. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Air Transport in South Korea: ISIC 62 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cargo handling, warehousing and travel agencies, communications, and transport.
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