trade assurance advanced water treatment for south korea market

trade assurance advanced water treatment for south korea market
Tags: , , , ,
  • Can advanced water treatment systems provide drinking water in South Korea?
  • The present study investigates the feasibility of installing two different advanced water treatment systems in South Korea’s Guem River Basin for the purpose of providing drinking water (Cheongiu). The two treatments are granular activated carbon (GAC) and ozone plus GAC treatment.
  • How big is the South Korea water treatment market?
  • The South Korea water treatment market size was estimated at US$ 5.66 billion in 2025 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2026.
  • How much does a water treatment system cost in South Korea?
  • The lower bound of the median WTP (willingness to pay) for installing a new advanced water treatment system is approximately $ 2 US/month, similar to the average expenditures for bottled water per household in South Korea. These lower bounds were found using bootstrapping and simulations.
  • How are the benefits of advanced water treatment systems estimated?
  • Benefits are estimated using choice experiments (CE) and a comprehensive cost-benefit analysis (CBA) is used to test the feasibility of installing the two advanced water treatment systems under various scenarios. The choice experiment setting uses latent class models and accounts for attribute non-attendance.