The number of patents in the ICT sector in South Korea has shown significant growth over the past decade, standing at 7.78 thousand in 2023. Initially, there was considerable volatility, but recent years have seen a more stable increment. Year-on-year variations for 2022 and 2023 were 4.14% and 3.93% respectively. Over the last five years, the CAGR was 4.79%, signaling a steady upward trend. Future forecasts suggest continued growth with a potential CAGR of 2.67% for the next five years, reaching an estimated 9.21 thousand by 2028, indicating a forecasted growth rate of 14.08% over the period.
Future trends to watch for include the impact of emerging technologies, such as AI, IoT, and 5G, which are likely to drive new patent applications. Additionally, governmental policies and investments in R&D will significantly influence the pace of innovation in the ICT sector.
