South Korea Highway Street and Bridge Construction Market Insight
Published: 01 August 2026 | Report Format: Electronic (PDF) | Author: Govind and Krishna
The market for highway, street, and bridge building in South Korea is anticipated to develop at a compound annual growth rate of 3.94% due to urbanization and government infrastructure investments.
South Korea Highway Street and Bridge Construction Market Insights Forecasts to 2035
- The South Korea Highway Street and Bridge Construction Market Size Was Estimated USD 24.86 Billion in 2025
- The Market Size is Expected to Grow at a CAGR of around 3.94% from 2025 to 2035
- The South Korea Highway Street and Bridge Construction Market Size is Expected to rise around USD 36.59 Billion by 2035
Notable Insights for the South Korea Highway Street and Bridge Construction Market
- According to type segmentation, new construction predominates, but the maintenance and reconstruction segments constantly expand due to the necessity for aging infrastructure renewal.
- According to material segmentation, concrete dominates the market, followed by steel and asphalt due to its affordability and durability.
- The road sector budget was KRW 7.8 trillion in 2024, with KRW 5.3 trillion spent in the first half, according to South Korean government data.
- Transportation infrastructure accounted for 39.2% of the total infrastructure market share in South Korea, where the construction sector generated $253.6 billion in revenue in 2024.
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Research Methodologies Used to Analyze the South Korea Highway Street and Bridge Construction Market
The South Korea highway, street and bridge construction market is studied by using a mix of secondary research so that the market estimates are correct and the future predictions are trustworthy. Primary research means talking to construction companies, people who build infrastructure, engineering advisors, government workers, builders and people who know a lot about the industry. Models that calculate the size of the market check trends. Predict the future are used to find out how much the market is worth where there are chances to grow how money is being spent what projects are happening and what people will need in the future in the part of South Korea that deals with transportation infrastructure.
Decisions Advisors Research Methodology: Trusted Insights for Strategic Decision-Making
What is Decisions Advisors Research?
Decisions Advisors do a lot of research to understand what is happening in the market. They look closely at what's going on in each industry. They also compare companies to see how they are doing. They try to figure out what will happen in the future with trends and they use data to help businesses make decisions.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea highway street and bridge construction market, along with a comparative evaluation primarily based on their product of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
Top Companies in South Korea Highway Street and Bridge Construction Market
- Samsung C&T Corporation
- Hyundai Engineering & Construction Co., Ltd.
- Daewoo Engineering & Construction Co., Ltd.
- GS Engineering & Construction Corp.
- POSCO E&C
- Lotte E&C
- Daelim Industrial
- Korea Expressway Corporation
- Doosan Engineering & Construction
- Ilsung Construction Co., Ltd.
Recent Developments:
- In January 2025, introduced smart bridge building technologies with predictive maintenance and digital monitoring.
- In September 2024, enhanced project efficiency and safety by working with smart infrastructure technology partners to provide AI-enabled roadway and bridge construction solutions.
Market Segmentation:
South Korea Highway Street and Bridge Construction Market, By Type
- New Construction
- Reconstruction & Renovation
- Maintenance & Repair
South Korea Highway Street and Bridge Construction Market, By Material
- Concrete
- Asphalt
- Steel
South Korea Highway Street and Bridge Construction Market, By End User
- Government & Public Infrastructure
- Private Sector
- Industrial Projects
Expert Views:
The South Korea highway and street construction market is going to keep getting bigger. This is because the government of South Korea is always putting money into roads and buildings. The government of South Korea and private companies, in South Korea are working together to make sure the South Korea highway and street construction market keeps getting bigger. They have plans to keep building roads and bridges in South Korea until the year 2035.
Author: Govind and Krishna By Decisions Advisors and Consulting