B2B drives market demand, with B2B spending representing 71.7% of total demand in 2021. Korean Air Lines Co Ltd is the largest company in South Korea, generating 39.7% of the industry’s total production value in 2021. The industry is concentrated, with the top five companies generating 78.1% of total production value in 2021. The total number of companies increases in 2021, to 423 units. The costs of the industry increase by 25% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.1% of turnover in 2021, the 16th highest regionally. With turnover of USD11.9 billion, South Korea accounts for 4.2% of the Asia Pacific total in 2021.
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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
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