Telecommunication Services in South Korea
Summary
Telecommunication Services in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The telecommunication services market is defined as the total volume and value of both the fixed line and the wireless telecommunications market. The market volume here is defined as the number of fixed-line and wireless subscriptions.
- The South Korean telecommunication services market recorded revenues of $26.5 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.9% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2.7% between 2018 and 2023, reaching a total of 130.5 million subscriptions in 2023.
- The growth in the market is attributed to the increase in mobile penetration. According to the World Bank, mobile penetration in South Korea reached 151.3 per 100 people in 2023, an increase of 1.9% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the telecommunication services market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the telecommunication services market in South Korea
- Leading company profiles reveal details of key telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea telecommunication services market with five year forecasts
- What was the size of the South Korea telecommunication services market by value in 2023?
- What will be the size of the South Korea telecommunication services market in 2028?
- What factors are affecting the strength of competition in the South Korea telecommunication services market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's telecommunication services market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the key market players?
- 7.2. What strategies do the key market players follow?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. SK Telecom Co., Ltd.
- 8.2. KT Corporation
- 8.3. LG Uplus Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea telecommunication services market value: $ billion, 2018-23
- Table 2: South Korea telecommunication services market volume: million Subscriptions, 2018-23
- Table 3: South Korea telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: South Korea telecommunication services market geography segmentation: $ billion, 2023
- Table 6: South Korea telecommunication services market value forecast: $ billion, 2023-28
- Table 7: South Korea telecommunication services market volume forecast: million Subscriptions, 2023-28
- Table 8: SK Telecom Co., Ltd.: key facts
- Table 9: SK Telecom Co., Ltd.: Annual Financial Ratios
- Table 10: SK Telecom Co., Ltd.: Key Employees
- Table 11: SK Telecom Co., Ltd.: Key Employees Continued
- Table 12: SK Telecom Co., Ltd.: Key Employees Continued
- Table 13: SK Telecom Co., Ltd.: Key Employees Continued
- Table 14: KT Corporation: key facts
- Table 15: KT Corporation: Annual Financial Ratios
- Table 16: KT Corporation: Key Employees
- Table 17: KT Corporation: Key Employees Continued
- Table 18: LG Uplus Corp: key facts
- Table 19: LG Uplus Corp: Annual Financial Ratios
- Table 20: LG Uplus Corp: Key Employees
- Table 21: South Korea exchange rate, 2018-23
- List of Figures
- Figure 1: South Korea telecommunication services market value: $ billion, 2018-23
- Figure 2: South Korea telecommunication services market volume: million Subscriptions, 2018-23
- Figure 3: South Korea telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: South Korea telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: South Korea telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: South Korea telecommunication services market volume forecast: million Subscriptions, 2023-28
- Figure 7: Forces driving competition in the telecommunication services market in South Korea, 2023
- Figure 8: Drivers of buyer power in the telecommunication services market in South Korea, 2023
- Figure 9: Drivers of supplier power in the telecommunication services market in South Korea, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the telecommunication services market in South Korea, 2023
- Figure 11: Factors influencing the threat of substitutes in the telecommunication services market in South Korea, 2023
- Figure 12: Drivers of degree of rivalry in the telecommunication services market in South Korea, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook