South Korea Freight Transport Report - Business Monitor International - Industry Reports

South Korea Freight Transport Report

South Korea Freight Transport Report - Business Monitor International - Industry Reports
South Korea Freight Transport Report
Published Jan 16, 2016
71 pages — Published Jan 16, 2016
Price US$ 1,295.00  |  Buy this Report Now

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BMI View: We expect to see moderate growth across the different freight modes in Korea in ----. Road freight will post the strongest growth across the freight modes, growing by -.- , as the uptick in consumer spending will benefit this mode the most. ...As a result, we have downgraded our real GDP forecast for ---- to -.- from -.- previously. Good growth in the construction sector will provide some support to economic growth in ----, however, domestic consumption is expected to remain muted, largely predicated on South Korea s persistently high household debt load (approximately -- of GDP).Weak demand for consumer articles will particularly hit air freight. We expect to see relatively weak trade dynamics in ---- as the ongoing slowdown in the Chinese economy as well as the strength of the Korean wong relative to the Japanese yen will continue to weigh on Korean exports. ...---- will see an uptick in rail freight growth as weak vehicle exports will be made up for by growth in the construction sector in light of the Olympics in ---- and strong vehicles imports spurred by the strong domestic currency. Over the medium term, rail freight growth will continue to be constrained by the strained political relations of South and North Korea which does not allow South Korea to link its railway

...North and South Korea agreed on November -- to conduct high level-talks on December --, ---- aimed at easing cross-border tensions and improving relations, reports AFP. The joint agreement builds on an accord signed by the two countries in August to resume high-level discussions. ...The National Assembly of South Korea approved the FTA with Vietnam on November --, reports Yonhap. Under the terms of the FTA, which was signed on May -, Vietnam will remove import duties on --.- goods from South Korea within -- years, while South Korea will do the same on --.- of Vietnamese imports. The South Korean government plans to build an airport on the eastern part of Jeju Island, according to the Ministry of Land, Infrastructure and Transport. The ministry expects the airport to be completed by ---- and to cost USD -.-bn. The airport will reportedly allow a one-hour flight to Shanghai and a two and a half hour journey from Beijing, China.

...� Business Monitor International Ltd Page - system with the rest of Asia. Nevertheless, we expect rail freight growth to pick up slightly as good growth in the construction sector will spur demand for iron and steel, which tends to be transported on rail. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "South Korea Freight Transport Report" Jan 16, 2016. Alacra Store. Apr 21, 2018. <>
Business Monitor International - Industry Reports. (2016). South Korea Freight Transport Report Jan 16, 2016. New York, NY: Alacra Store. Retrieved Apr 21, 2018 from <>
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