The output of programming and broadcasting in South Korea saw fluctuating growth over the last nine years, peaking at 13.042 Trillion South Korean Wons in 2018 before dipping significantly to 10.368 Trillion in 2020. The subsequent recovery led to a value of 12.687 Trillion in 2023. Variations include considerable year-on-year changes, such as a 23.54% rise in 2021, and a -15.21% drop in 2020. Despite a recent moderate increase in 2023 (0.5%), the forecasted Compound Annual Growth Rate (CAGR) is anticipated to stabilize at around 0.4%, with anticipated growth reaching 13.034 Trillion by 2028.
Future trends to watch for include:
- Technological advancements in broadcasting and programming
- Expansion of digital and streaming services
- Changes in consumer viewing habits and content preferences
- Regulatory impacts on the media and broadcasting industry
