About Us

Overview

Background

  • Global ITS market has shown high growth rate of 12.7% on annual average with growing social demand for a faster, safer, and more convenient transportation
  • The ITS market size is expected to grow by 12.7% on annual average by 2024 to reach 57.45 billion dollars
  • Korean companies face limitation due to lack of overseas business capability such as advertisement and lack of project information even though they possess high level technology
  • In particular, ITS companies possess world-class service in BIS and transportation card service, but they face obstacles in overseas business activities as most of the ITS companies are small and medium sized.
  • Transparency Market Research의 2016년 분석
  • Transparency Market Research의 2019년 분석

Legal Ground

  • National Transport System Efficiency

    ActArticle 89 (Encouragement of Private Participation and Advancement into Overseas Markets)

    ④ The Minister of Land, Infrastructure and Transport may designate and run an agency dedicated to support work under Article 89.3 above according to the Presidential Decree to support international cooperation and overseas market entry of industry related to intelligent transport systems.

  • Enforcement Decree of the National Transport System Efficiency

    ActArticle 81 (Support for International Cooperation and Advancement into Overseas Markets)

    ② The agency or group designated by the minister of the Land, Infrastructure and Transport is a dedicated agency in charge of supporting international cooperation and advancement into overseas markets of industry related to intelligent transport systems under Article 89.4 of the Act (hereinafter referred to as "agency dedicated to international cooperation of intelligent transport systems) shall satisfy all of the following criteria.