The forecasted data for Local Telephone Service Subscribers in South Korea from 2024 to 2028 shows a consistent decline in the number of subscribers. Starting from 11.9 million units in 2024, there is an approximate annual decrease of 3.5%, reaching 10.31 million units by 2028. This trend suggests a negative Compound Annual Growth Rate (CAGR) over the five-year period, reflecting a gradual but steady decrease in the reliance on local telephone services.
Looking forward, the decline in local telephone service subscribers in South Korea could be attributed to the continued adoption of mobile communication and internet-based communication platforms. With advancements in technology and the increasing availability of high-speed internet, consumers are likely to continue shifting towards more versatile and cost-effective communication methods. Industry stakeholders should closely monitor these trends to adapt their strategies accordingly.
