Forecast: Production of Publishing in South Korea

Publishing production in South Korea has exhibited considerable growth from 2013 to 2023, with actual values showing a fluctuation particularly evident in 2020. Following a dip in 2020, a noticeable recovery was seen in subsequent years, leading to a value of 39.76 trillion South Korean Wons in 2023.

The year-on-year variation ranged from a decrease of -13.57% in 2020 to a surge of 27.68% in 2021. Over the last two years, the production grew moderately by 3.47% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 was relatively modest at 3.4%.

Looking forward, the forecast for 2024 to 2028 shows a steady CAGR of 2.53%, with an overall growth rate of 13.31% over these five years, indicating a slower yet consistent upward trend.

Future trends to watch for include:

• The impact of digital transformation on traditional publishing.
• Increasing demand for digital and e-books.
• Potential market saturation and evolving consumer preferences.
• The role of government policies in fostering or hindering industry growth.
• The influence of global economic conditions on publishing investment and consumption.