From 2013 to 2022, the number of persons employed in business services in South Korea increased from 11.38 million to 12.54 million, indicating a general upward trend despite slight variations. The year-on-year change shows fluctuations, with a high of 2.69% in 2014 and a low of -0.71% in 2018. The CAGR over these years provides an overall growth perspective, peaking at 2.03% in 2014 and stabilizing around 1.1% by 2023. Looking ahead to 2028, the forecast suggests a steady but modest growth rate with a 5-year CAGR of 0.66% and a cumulative 5-year growth rate of 3.32%.
Future trends to watch include technological advancements, workforce automation, and the impact of global economic conditions, which could either drive further growth or introduce new challenges to employment in the business services sector.
