South Korea will hold onto its fourth place in total market revenue in Asia through 2017, behind China, Japan and India, as it grows at a CAGR of 1.1%, from US$32.3bn in 2012 to $34.1bn in 2017. Operators have invested significantly in fixed and mobile broadband networks to offset the effects of market saturation and to sustain revenue growth. We expect mobile data revenue to drive top-line growth by expanding 38% from 2012 to 2017, with LTE customers simply consuming more data. Given that Korea already boasts the highest FTTH penetration of households globally, fiber-enabled service bundles should generate $10.1bn in revenue by 2017, up from $8.78bn in 2012. SK Telecom, Korea Telecom (KT) and LG U+ account for a combined 87.6% of all telecom revenue in South Korea, and we expect that share to grow over the next five years. The three companies offer fixed, mobile and pay-TV services. Bids to create a fourth mobile player with a WiBro network were rejected by the regulator in 2012. We expect consolidation in the pay-TV market, where cable networks are challenged by the three integrated operators.
Table of Contents
Market and Competitor Overview
South Korea in a regional context
Economic, demographic and political context
Major market players
The South Korea Intelligence Report is the industry’s best available analysis on market trends, regulatory environments, and competitive dynamics, providing detailed competitive analysis on fixed and mobile sectors, tracking market adoption of new technologies and services such as WiMAX, IPTV, and VoIP.
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