The forecast data for the number of fixed telephone subscriptions in South Korea shows a consistent decline from 2024 to 2028. Starting with 21.521 million subscriptions in 2024, the number is expected to decrease annually, reaching 19.024 million by 2028. This represents a steady decline across the period, with annual decreases averaging around -2.9%. Such a trend is indicative of a compound annual growth rate (CAGR) that is negative over the five-year forecast period, suggesting a shrinking market for fixed telephone subscriptions in South Korea.
Future Trends to Watch: The decline in fixed telephone subscriptions in South Korea is likely to continue, influenced by the proliferation of mobile technology and internet-based communication platforms. As consumers increasingly favor mobile phones and VoIP services for their communication needs, the demand for traditional fixed line services is expected to keep declining. Providers may need to innovate or diversify services to remain relevant in this changing landscape.
