The number of employees in ICT and Information Services in South Korea stood at a significant level in 2023. For the subsequent years, forecasts indicate a consistent upward trend, with employment numbers rising from 251.2 thousand in 2024 to 267.2 thousand by 2028. This consistent increase highlights a year-on-year increase of approximately 1.6% to 1.7% annually. Over the past two years, this sector has experienced a steady positive growth, and the compound annual growth rate (CAGR) over the next five years is poised to maintain this momentum.
Future trends to watch for in the ICT and Information Services sector in South Korea include advancements in AI and machine learning, the expansion of 5G networks, and increasing investment in cybersecurity. Ensuring a skilled and adaptable workforce will be critical to capitalizing on these emerging technologies.