In 2023, the number of self-employed people in the real estate sector in South Korea stood at 152.9 thousand units. Over the period from 2013 to 2023, the sector has experienced significant fluctuations. It saw rapid growth from 2015 to 2017, peaking at 181.4 thousand units in 2017, followed by a decline until 2021. The sector picked up slightly in 2022 with a year-on-year variation of 3.55% and maintained modest growth in 2023 at 2.76%. The CAGR over the last five years up to 2023 was -3.07%, indicating an overall declining trend. However, forecasts from 2024 to 2028 predict a positive turnaround with an average yearly growth rate of 0.98%.

Future trends to watch for:

Impact of economic policies on small businesses and self-employment in South Korea.
Potential shifts in the real estate market due to changing demographics and urbanization.
Technological advancements and their influence on real estate business models.
Market adaptation post-pandemic and long-term recovery strategies.