South Korea Telecom Operators Country Intelligence Report

South Korea Telecom Operators Country Intelligence Report


South Korea Telecom Operators Country Intelligence Report, a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in South Korea today, with detailed forecasts of key indicators up to 2028. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics, and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile, and pay-TV markets as well as a review of key regulatory trends.

Total telecom and pay-TV service revenue in South Korea will grow at a CAGR of 10.3%, mainly driven by a strong growth in the mobile data segment. Mobile data service revenue is set to increase significantly at a five-year CAGR of 17.6%. This revenue growth will be driven by growing data consumption and a projected rise in 5G subscriptions, which yield higher mobile data ARPU over the forecast period. Fixed broadband service revenue will increase, albeit marginally, at a CAGR of 0.4%. While the cable internet, DSL, and fixed wireless segments will see a continued drop in subscriptions and revenue growth, FTTH service will see marginal growth in its subscriptions and revenue, which will help support growth in the overall fixed broadband segment through the forecast period.

The Country Intelligence Report provides in-depth analysis of the following -
  • Demographic and macroeconomic context in South Korea.
  • The regulatory environment and trends: a review of the regulatory setting and agenda for the next 18-24 months as well as relevant developments pertaining to spectrum licensing, national broadband plans, tariff regulation, and more.
  • Telecom and pay-TV services market outlook: analysis as well as historical figures and forecasts of service revenue from the fixed telephony, broadband, mobile voice, mobile data, and pay-TV markets.
  • The competitive landscape: an examination of the positioning of leading players in the telecom and pay-TV services market as well as subscription market shares across segments.
  • Company snapshots: analysis of the financial position of leading service providers in the telecommunications and pay-TV markets.
  • Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.
  • The overall telecom and pay-TV services revenue in South Korea will increase at a robust CAGR of 10.3% during 2023-2028.
  • SK Telecom will lead South Korea’s mobile market in terms of subscriptions in 2023, followed by KT and LG U+.
  • Postpaid subscriptions will account for a majority share of total mobile subscriptions in 2023 and will remain the dominant category through 2028, driven by growing M2M/IoT subscriptions and operators’ promotional discounts on a wide range of postpaid plans and bundled packages.
  • Average monthly mobile voice usage will decline during 2023-2028 period, which will be primarily due to an increased use of OTT/internet-based communication solutions.
Reasons to Buy
  • This Country Intelligence Report offers a thorough, forward-looking analysis of South Korea’s telecommunications markets, service providers, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
  • Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in South Korea’s mobile communications, fixed telephony, broadband markets, including the evolution of service provider market shares.
  • With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
  • The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in South Korea’s telecommunications markets.
  • The broad perspective of the report coupled with comprehensive, actionable detail will help operators, equipment vendors, and other telecom industry players succeed in the challenging telecommunications market in South Korea.

Market highlights
Key takeaways, telecom services revenue outlook, revenue CAGR by service type, 2023 service penetration
Demographic, macroeconomic, and regulatory context
Population, nominal GDP, PPP-adjusted GDP per capita, real GDP growth, consumer price inflation, exchange rates
Regulatory context
Regulatory highlights, Spectrum Updates, 6G Developments
Telecom market outlook
Total telecom and Pay-TV services revenue by category, 2022-2028
Evolution of total telecom and Pay-TV services revenue, 2022-2028
Mobile services market
Mobile service penetration and subscription trends
Mobile subscription and user penetration, 2022-2028
Total mobile subscriptions, 2022-2028
Device adoption trends
Mobile subscriptions by device type, 2022-2028
Handset subscriptions by type, 2022-2028
Payment types and technology trends
Mobile subscriptions by payment type
Mobile subscriptions by technology generation, 2022-2028
Churn and usage trends
Churn, voice usage, data usage
Market share trends
Subscription market shares, 2023
Pre-/postpaid market shares, 2023
MVNO subscription market share, 2023
Fixed services market
Fixed service penetration and subscription trends
Voice telephony and fixed broadband penetration, 2022-2028
Total voice telephony and fixed broadband access lines, 2022-2028
Fixed service penetration and subscription trends
Voice telephony lines by technology, 2022-2028
Broadband lines by technology, 2022-2028
Market share trends
Fixed voice telephony access line market shares, 2023
Fixed broadband access lines market shares, 2023
Fixed service revenue trends
Total fixed service revenue by service category, 2022-2028
Fixed services ARPU by service category, 2022-2028
Pay-TV services market
Penetration and subscription trends
TV and pay-TV household penetration, 2022-2028
Total pay-TV subscriptions by type, 2022-2028
Market share trends
Total pay-TV subscription market shares, 2023
Service revenue trends
Total pay-TV service revenue, 2022-2028
Pay-TV services ARPU by type, 2022-2028
Competitive landscape and company snapshots
Product portfolios and positioning, market share overview
Company snapshot (KT, SK Telecom, LG U+)
Contact us

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
Cookie Settings