The number of persons employed in the audiovisual and broadcasting sector in South Korea stood at 132.4 thousand units in 2023. Over the past decade, the sector has experienced gradual growth, with notable fluctuations. From 2013 to 2023, the Compound Annual Growth Rate (CAGR) reached 1.16%, indicating steady but modest progress. Between 2021 and 2023, year-on-year growth rates slowed to around 1.38%. However, future forecasts suggest a stable increase, with a projected 5-year CAGR of 1.02%, culminating in a growth rate of 5.22% from 2023 to 2028.
Future trends to watch include the impact of digital transformation, enhanced streaming services, and potential regulatory shifts. Adaptation to new technologies and content consumption patterns will be critical in sustaining growth.
