In 2023, the number of employees in ICT services in South Korea stood at 71.3 thousand units, reflecting a 1.86% year-on-year increase. Over the last two years, there has been a consistent upward trend in employment figures within the sector, indicative of steady growth. From 2018 to 2023, the sector exhibited an average annual growth rate (CAGR) of 2.91%. Notably, future projections from 2024 to 2028 show a continued but gradual growth, with a forecasted average annual growth rate (CAGR) of 1.21%, translating to a total anticipated growth rate of 6.21% over this period.
Future trends to watch for:
- Increasing demand for ICT-related skills and talent as digital transformation accelerates across industries.
- The impact of emerging technologies such as AI, blockchain, and 5G on employment patterns.
- Potential shifts in global ICT service centers influencing local employment.
- Government policies and educational initiatives aimed at boosting ICT workforce capacity.
- Sectoral shifts within ICT services, such as rising prominence of cybersecurity and data analytics.