South Korea Telecom Operators Country Intelligence Report

South Korea Telecom Operators Country Intelligence Overview

The total telecom and pay-TV service revenue in South Korea was estimated at $31.9 billion in 2023 and will grow at a CAGR of more than 10% during 2023-2028, mainly driven by revenue contribution from the mobile data segment. This increase will be driven by operators’ focus on 5G network expansion and K-Network 2030 strategy, which aims to develop public-private partnerships to develop 6G technologies and bolster the network supply chain. The South Korea telecom services market growth will also be driven by the regulator’s plan to allocate spectrum in the 28 GHz (26.5 GHz-27.3 GHz) band, which it reserved for new market entrants in the country’s mobile market.

South Korea Telecom Services Market Outlook, 20223-2028 ($ Billions)

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The ‘South Korea Telecom Operators Country Intelligence’ report provides an executive-level overview of the telecom services market in South Korea today, with detailed forecasts of key indicators up to 2028. Published annually, the report provides a 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.

South Korea Telecom Services Market Regulatory Highlights

In July 2023, MSIT announced its plans to end SK Telecom, KT, and LG Uplus’ dominance and boost competition in the country’s telecom sector by offering special provisions for new entrants such as waiving frequency allocation fees and loans of up to KRW400 billion ($307.3 million).

South Korea Telecom Services Market Analysis by Service

• Mobile Services
• Fixed Services
• Pay-TV services

South Korea Telecom Services Market Share by Service, 2022-2028 (%)

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Mobile Services Market in South Korea - Deep Dive

Handset subscriptions will account for the majority of total mobile subscriptions in South Korea in 2023. M2M/IoT device’s share is set to increase during 2023-2028, as the commercial adoption of M2M/IoT-based asset management, fleet tracking, telehealth, etc. offered by telcos continues to increase and operators find new applications of M2M/IoT solutions.

The South Korea telecom services market research report offers mobile services segment coverage on the following KPIs:

• Subscription and User Analysis
• Subscription Analysis by Device Type, Payment Type, and Technology Type
• Churn Analysis
• Voice and Data Usage Analysis
• Mobile Subscription Market Share Analysis
• Revenue Analysis and ARPU Analysis

Fixed Services Market in South Korea - Deep Dive

Fiber lines will account for the majority of total broadband lines in 2023, which is expected to grow until 2028. This growth will be supported by a rising demand for higher-speed broadband connectivity in the country and investment by operators in the fiber network infrastructure.

Fixed broadband service revenue will increase, albeit marginally, at a CAGR of 0.4%, primarily supported by growth in FTTH/B service adoption.

The South Korea telecom services market research report offers fixed services segment coverage on the following KPIs:

• Fixed Voice and Fixed Broadband Penetration Analysis
• Subscription Trends Analysis by Access Lines
• Subscription Analysis by Technology
• Fixed Subscription Market Share Analysis
• Revenue Analysis and ARPU Analysis

Pay TV Services Market in South Korea - Deep Dive

IPTV will be the leading pay-TV technology in South Korea during the forecast period. The number of IPTV subscribers is set to grow at a CAGR of 1.3% during 2023-2028. The growth in IPTV subscriptions will be supported by improving fixed broadband infrastructure in the country and rising adoption of multiplay packages inclusive of IPTV.

The South Korea telecom services market research report offers pay-TV services segment coverage on the following KPIs:

• Pay-TV Household Penetration Analysis
• Subscription Analysis by Technology Type
• Pay-TV Subscription Market Share Analysis
• Revenue Analysis and ARPU Analysis

South Korea Telecom Services Market - Competitive Landscape

SK Telecom will lead the mobile service market in terms of subscriptions, in 2023 followed by KT. SK Telecom will retain its top spot in the mobile service market over 2023-2028, helped by its discounted monthly pricing along with unlimited and shareable data options. The company is also focusing on M2M/IoT services to drive opportunities in the enterprise segment.

Leading Telecom Companies in South Korea

• SK Telecom
• KT
• LGU+
• D’Live
• CMB

South Korea Telecom Services Market Share by Companies, 2023 (%)

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Scope

The country intelligence report provides an in-depth analysis of the following –

• The 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.
• 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.

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, and 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.