South Korea Transportation Tenders

South Korea's transportation market is a dynamic and rapidly growing industry, driven by the country's strong economy and urbanization. The market is valued at over USD 150 billion and is expected to grow at a CAGR of 3.5% from 2023 to 2028. The government is investing heavily in infrastructure development, which is fueling growth in the sector.

The South Korean government is a major procurer of transportation goods and services. In 2022, the government spent over USD 10 billion on transportation procurement.

The main transportation products and services procured by the South Korea government are:
Vehicles: The government procures a wide range of vehicles, including buses, trucks, cars, and trains.
Infrastructure: The government procures a wide range of transportation infrastructure, including roads, bridges, tunnels, and airports.
Logistics services: The government procures logistics services for the transportation of goods and materials.
Transportation management systems: The government procures transportation management systems to improve the efficiency and effectiveness of transportation operations.

The top authorities for South Korea transportation procurement are:
Ministry of Land, Infrastructure and Transport (MOLIT)
Korea Railroad Corporation (Korail)
Korea Expressway Corporation (KEX)
Incheon International Airport Corporation (IIAC)

The top winners of South Korea transportation procurement are:
Hyundai Motor Company
Samsung Electronics
Doosan Heavy Industries & Construction
Korea Aerospace Industries
LS Corporation

Tags -
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