The value added of postal and courier services in South Korea stood at 2.3115 trillion South Korean Wons in 2023. Over the past two years, there has been modest growth with year-on-year variations of 0.9% in 2022 and 0.88% in 2023. From 2015 to 2028, an observable upward trend characterizes the sector with significant fluctuations, such as a 12.39% increase in 2018 and a -5.27% decrease in 2016. Over the last five years, the compound annual growth rate (CAGR) has averaged at 0.63%, while forecasts predict a slight improvement with a forecasted CAGR of 0.7% from 2023 to 2028.
Future trends to watch for include increased digitalization and automation in logistics, the impact of e-commerce expansion, advancements in delivery technologies, and greater emphasis on sustainability and green logistics within the postal and courier services sector.
