Wireless Telecommunication Services in South Korea
Summary
Wireless Telecommunication Services in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 wireless telecommunications services market includes cellular (mobile) phones, pagers, and any other wireless or cellular telecommunication service. Market values represent revenues based on payments to operators of all of these services for subscriptions and usage. Market volumes refer to the total number of subscriptions for each of these services. Market shares are in terms of subscription volumes. Regional market shares are at a parent company level.
- The South Korean wireless telecommunication services market recorded revenues of $21.1 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.9% between 2018 and 2023.
- The market consumption volume increased with a CAGR of 4.8% between 2018 and 2023, to reach a total of 83.9 million subscriptions in 2023.
- The growth of the South Korean market is driven by rising mobile penetration and internet usage. In 2023, internet users accounted for 97.4% of the total population, while mobile penetration reached 151.3 per 100 people, according to GlobalData.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the wireless telecommunication services market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the wireless telecommunication services market in South Korea
- Leading company profiles reveal details of key wireless 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 wireless telecommunication services market with five year forecasts by both value and volume
- What was the size of the South Korea wireless telecommunication services market by value in 2023?
- What will be the size of the South Korea wireless telecommunication services market in 2028?
- What factors are affecting the strength of competition in the South Korea wireless telecommunication services market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's wireless 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 share
- 1.8. Market rivalry
- 1.9. 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. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do the leading players follow?
- 7.4. What are the most recent market developments?
- 8 Company Profiles
- 8.1. KT Corporation
- 8.2. LG Uplus Corp
- 8.3. SK Telecom Co., Ltd.
- 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 wireless telecommunication services market value: $ billion, 2018-23
- Table 2: South Korea wireless telecommunication services market volume: million subscriptions, 2018-23
- Table 3: South Korea wireless telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: South Korea wireless telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: South Korea wireless telecommunication services market geography segmentation: $ billion, 2023
- Table 6: South Korea wireless telecommunication services market value forecast: $ billion, 2023-28
- Table 7: South Korea wireless telecommunication services market volume forecast: million subscriptions, 2023-28
- Table 8: South Korea wireless telecommunication services market share: % share, by volume, 2023
- Table 9: KT Corporation: key facts
- Table 10: KT Corporation: Annual Financial Ratios
- Table 11: KT Corporation: Key Employees
- Table 12: KT Corporation: Key Employees Continued
- Table 13: LG Uplus Corp: key facts
- Table 14: LG Uplus Corp: Annual Financial Ratios
- Table 15: LG Uplus Corp: Key Employees
- Table 16: SK Telecom Co., Ltd.: key facts
- Table 17: SK Telecom Co., Ltd.: Annual Financial Ratios
- Table 18: SK Telecom Co., Ltd.: Key Employees
- Table 19: SK Telecom Co., Ltd.: Key Employees Continued
- Table 20: SK Telecom Co., Ltd.: Key Employees Continued
- Table 21: SK Telecom Co., Ltd.: Key Employees Continued
- Table 22: South Korea exchange rate, 2018-23
- List of Figures
- Figure 1: South Korea wireless telecommunication services market value: $ billion, 2018-23
- Figure 2: South Korea wireless telecommunication services market volume: million subscriptions, 2018-23
- Figure 3: South Korea wireless telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: South Korea wireless telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: South Korea wireless telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: South Korea wireless telecommunication services market volume forecast: million subscriptions, 2023-28
- Figure 7: Forces driving competition in the wireless telecommunication services market in South Korea, 2023
- Figure 8: Drivers of buyer power in the wireless telecommunication services market in South Korea, 2023
- Figure 9: Drivers of supplier power in the wireless telecommunication services market in South Korea, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the wireless telecommunication services market in South Korea, 2023
- Figure 11: Factors influencing the threat of substitutes in the wireless telecommunication services market in South Korea, 2023
- Figure 12: Drivers of degree of rivalry in the wireless telecommunication services market in South Korea, 2023
- Figure 13: South Korea wireless telecommunication services market share: % share, by volume, 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