The Mobile internet subscribers of Telecom industry in South Korea attained a value of 44,660.45 Thousand in 2020
The industry recorded a historical growth (CAGR) of 2.26% between 2017 to 2020, and is expected to decline by ...
GlobalData projects the industry to grow at a CAGR of ...
The Mobile internet subscribers of Telecom industry in South Korea recorded a single-digit YoY growth in 2020
The mobile internet subscribers of Telecom industry in South Korea has grown significantly between 2017-2020, the mobile internet subscribers recorded a single-digit YoY growth in 2020.
Number of active mobile subscriptions or SIMs subscribing to a data package, either through a prepaid or postpaid plan, at the end of every calendar year. Typically, a subset of total handset and total connected mobile data device subscriptions.
Why mobile internet is not preferred in South Korea
Voice subscriptions was the most successful segment for the market in 2020. As consumers were forced to stay and work from home due to the coronavirus pandemic, they had to use their mobile phones to communicate, due to the lack of fixed line telephones. Voice contracts have been proven to be cheaper than fixed line contracts, increasing the subscriptions for the segment in 2020. On the other hand, consumers would rather use fixed line internet services rather mobile data services, due to the improved reliability and speed. This kept demand for data subscriptions at relatively low levels.
Rivalry in mobile internet market of South Korea
Rivalry within the wireless telecommunication services market is intensified by the presence of large players, which benefit from economies of scale and diversification. The true level of rivalry can only be measured by the number of companies which can peacefully co-exist with each other in a limited market and still have the opportunity to acquire new customers and continue to be profitable.
The leading wireless service providers in the South Korean market are SK Telecoms, KT and LG Uplus. The concentration of the market is high as these leading players account for a significant chunk of the total subscribers. However, competition is intense as the voice segment has become saturated in recent years. Meanwhile, providers have engaged in price competition over mobile internet services in order to stimulate adoption and increase returns.
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