South Korea Transportation-As-A-Service Market Projected To Reach USD 517.34 Million By 2030.

(MENAFN- Market Press Release) July 7, 2025 12:44 am - The South Korea Transportation-as-a-Service (TaaS) market, valued at USD 447.3 million in 2023, is poised for steady growth, projected to reach USD 517.34 million by 2030, expanding at a CAGR of 2.1%.

The South Korea Transportation-as-a-Service (TaaS) market, valued at USD 447.3 million in 2023, is poised for steady growth, projected to reach USD 517.34 million by 2030, expanding at a CAGR of 2.1% during the forecast period 2024–2030, according to a new market analysis report.

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Growth Fueled by Innovation and Digital Transformation

South Korea's global reputation as a hub for technological innovation is a significant long-term growth driver for the TaaS industry. With strategic investments in AI, IoT, and 5G connectivity, the country is rapidly transforming its transportation landscape. The integration of smart mobility platforms, autonomous vehicle initiatives, and next-gen infrastructure is revolutionizing how citizens move in urban environments.

Opportunities in Multi-Modal Integration and Electrification

The growing emphasis on Mobility-as-a-Service (MaaS) platforms is reshaping urban commuting. With seamless access to ride-hailing, micro-mobility, public transit, and bike-sharing through unified digital platforms, TaaS is making transportation more accessible, efficient, and eco-friendly. In addition, South Korea is witnessing a surge in electric vehicle (EV) and autonomous vehicle (AV) adoption, presenting significant innovation and investment opportunities for TaaS providers.

Challenges and Regulatory Landscape

While the sector shows immense potential, challenges remain. Regulatory complexity and the lack of last-mile infrastructure, particularly in rural areas, pose barriers to wider adoption. Ensuring compliance with safety standards and navigating fragmented regulations are key concerns for emerging TaaS operators.

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Regional Highlights

Seoul Metropolitan Area remains the largest TaaS market, benefiting from high urban density, tech adoption, and infrastructure.

Busan Metropolitan Area emerges as the fastest-growing region, spurred by smart city initiatives, tourism growth, and digital investments.

COVID-19 Impact

The COVID-19 pandemic disrupted traditional transportation patterns, causing temporary dips in ridership and revenues. However, it also accelerated contactless payments, app-based bookings, and hygiene-focused travel, creating long-term behavioral shifts and opportunities for digital mobility solutions.

Latest Trends
Rapid expansion of MaaS platforms integrating multiple transport modes.
Rise of micro-mobility solutions such as e-scooters and electric bikes.
Strong consumer and government push toward sustainable mobility.

Key Market Players
Domestic Leaders: Kakao Mobility, Tada, Baedal Minjok, SoCar, GreenCar, Airbuddy, Vroong, VCNC
Global Entrants: Uber, Lyft, Grab, Lime, Bird, Didi Chuxing, DiDi Mobility
Tech Enablers: SK Telecom, Hyundai Mobility, Kakaotalk, Naver Maps

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