Forecast: Total Fixed Broadband Subscriptions in South Korea

In 2023, South Korea had approximately 23.889 million fixed broadband subscriptions. From 2013 to 2023, the fixed broadband market demonstrated steady growth, reflecting an average year-on-year variation of 2.53%. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) stood at 2.33%, indicating moderate yet consistent expansion in broadband penetration.

Over the next five years, the market is projected to continue growing, albeit at a slower pace, with an anticipated CAGR of 1.54% from 2024 to 2028. This would lead to an overall growth rate of 7.96% during this forecast period, reaching an estimated 26.327 million subscriptions by 2028.

Future trends to watch for include potential market saturation, the introduction of new technologies like 5G and fiber-optic advancements, and shifts in consumer behavior towards mobile and wireless solutions. Economic factors and government policies supporting broadband infrastructure expansion will also play crucial roles in shaping the market.