Key Market Indicators
South Korea's mobile subscriber base is projected to hit nearly 99 million by 2028, up from approximately 81 million in 2023. This marks an annual growth rate of 3.2%, according to recent industry analysis. Since the inception of mobile services in 1991, demand in South Korea has increased at an annual rate of 4%. In the global ranking for 2023, South Korea stood at 20th place, with the United Kingdom narrowly ahead, also registering around 81 million subscriptions. Leading the global rankings, India holds the top spot, followed by the United States and Indonesia in second and third places, respectively.
