As of 2023, the mobile broadband subscriptions in South Korea stood at 120 subscriptions per hundred persons. According to forecasted data, this number is expected to rise to 122.16 in 2024 and continue increasing consecutively each year, reaching 127.6 by 2028. The year-on-year percentage variations are as follows: +1.16% for 2024, +1.16% for 2025, +1.12% for 2026, +1.07% for 2027, and +1.03% for 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately +1.11% per year.
Future trends to watch for include technological advancements such as 5G and possibly 6G deployments, which could significantly impact the growth rate of mobile broadband subscriptions. Additionally, socio-economic factors, including population growth and changes in consumer behavior driven by digitalization, are crucial elements to monitor in the coming years.
