The total wireless mobile broadband subscriptions in South Korea showed steady growth from 2013 to 2023, reaching 115.47 subscriptions per hundred persons in 2023. Year-on-year variations display a pattern of moderate increases with occasional dips, such as the -0.8% decline in 2021. The last two years showed a slight 0.32% increase. The last five years reflected an average annual growth rate (CAGR) of 0.49%, indicating a maturing market.
Future trends to watch for:
• The forecasted data suggest a continued but modest growth, with a five-year CAGR of 0.13% expected from 2024 to 2028.
• The market may experience saturation, necessitating innovative services to drive further growth.
• Emerging technologies such as 5G and advancements in IoT could spur new demand.
