Overview:
The number of 5G users in South Korea stood at 14.5 million in March 2021, accounting for 20% of the total mobile subscribers (71.1 million) and 66% of the LTE subscribers due to lower-than-expected 5G coverage and network quality, along with an absence of killer content services. However, the continuous investment and technological advancement in the 5G industry is expected to drive replacement demand from LTE subscriptions through this year. South Korea’s 5G smartphone market is expected to grow 50% YoY in 2021, accounting for 87% of the overall smartphone market.
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Author
Liz Lee
Liz, an Associate Director at Counterpoint Research, has 14+ years of extensive experience in the tech industry. Previously, Liz worked for Samsung SDI focusing on IR (Investor Relations) along with insight-based analysis of emerging tech markets and corporate strategies. She holds an International MBA degree from Waseda Business School.
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Nov 12, 2020