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Government Spending in South Korea

Publisher MarketLine
Published Apr 24, 2025
Length 39 Pages
SKU # MTLN20202995

Description

Government Spending in South Korea

Summary

Government Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Government spending refers to the money spent by the government of a country to provide goods and services to its citizens. It helps to drive economic growth, create employment opportunities, and improve the standard of living for its citizens.
  • The South Korean government spending market recorded expenditure of $576.9 billion in 2024, representing a compound annual growth rate (CAGR) of 7.9% between 2019 and 2024.
  • The social protection segment accounted for the market's largest proportion in 2024, with a total expenditure of $175.8 billion, equivalent to 30.5% of the market's overall expenditure.
  • The expansion of the South Korean government spending market in 2024 was influenced by persistent labor market concerns, particularly regarding youth unemployment and job insecurity in contract-based roles. According to Statistics Korea, the youth unemployment rate stood at 6.8% in April 2024, with underemployment continuing to affect graduates and young professionals.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in South Korea
  • Leading company profiles reveal details of key government spending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea government spending market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea government spending market by value in 2024?
  • What will be the size of the South Korea government spending market in 2029?
  • What factors are affecting the strength of competition in the South Korea government spending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's government spending market?

Table of Contents

39 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value 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 leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
7.4. What are the most recent notable developments?
8 Company Profiles
8.1. Hanwha Group
8.2. Korea Aerospace Industries Ltd
8.3. Samsung C&T Corp
8.4. GS Engineering & Construction 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 government spending sector value: $ billion, 2019-24
Table 2: South Korea government spending sector category segmentation: % share, by value, 2019-24
Table 3: South Korea government spending sector category segmentation: $ billion, 2019-24
Table 4: South Korea government spending sector geography segmentation: $ billion, 2024
Table 5: South Korea government spending sector value forecast: $ billion, 2024-29
Table 6: Hanwha Group: Key Facts
Table 7: Hanwha Group: Key Employees
Table 8: Korea Aerospace Industries Ltd: Key Facts
Table 9: Korea Aerospace Industries Ltd: Annual Financial Ratios
Table 10: Korea Aerospace Industries Ltd: Key Employees
Table 11: Samsung C&T Corp: Key Facts
Table 12: Samsung C&T Corp: Annual Financial Ratios
Table 13: Samsung C&T Corp: Key Employees
Table 14: GS Engineering & Construction Corp: Key Facts
Table 15: GS Engineering & Construction Corp: Annual Financial Ratios
Table 16: GS Engineering & Construction Corp: Key Employees
Table 17: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea government spending sector value: $ billion, 2019-24
Figure 2: South Korea government spending sector category segmentation: $ billion, 2019-24
Figure 3: South Korea government spending sector geography segmentation: % share, by value, 2024
Figure 4: South Korea government spending sector value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the government spending sector in South Korea, 2024
Figure 6: Drivers of buyer power in the government spending sector in South Korea, 2024
Figure 7: Drivers of supplier power in the government spending sector in South Korea, 2024
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in South Korea, 2024
Figure 9: Factors influencing the threat of substitutes in the government spending sector in South Korea, 2024
Figure 10: Drivers of degree of rivalry in the government spending sector in South Korea, 2024

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