The publishing output in South Korea has shown fluctuating trends over the years. From 2015 to 2023, the industry experienced both growth and declines, with a notable drop in 2020. The year-on-year growth rates varied, peaking at 23.62% in 2021 following a sharp decline in 2020. As of 2023, the output stands at 8.7606 trillion South Korean Wons. The compound annual growth rate (CAGR) over the past five years is modest, reflecting minimal changes in the overall market size.
Looking ahead, the forecast indicates a steady increase in publishing output, with a 5-year CAGR predicted at 0.45%, leading to an overall growth rate of 2.27% by 2028. Future trends to watch for include the impact of digital transformation, shifts in consumer reading habits, and potential policy changes affecting the industry. The forecast suggests moderate but consistent growth, signaling a stable yet evolving market environment.
