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  • The World’s First and Best IT Powerhouse Close
    The World’s First and Best IT Powerhouse
    Korea is a world leader in the information and communications technology (ICT) industry.
    Korea was the first country to commercialize CDMA in 1996, LTE-A in 2013, and 5G in 2019.
    Korea’s ICT industry is recognized as a global leader for its high-level technology and distribution rate.
    "ICT Distribution (ICT Adoption, 2019)"
    Please refer to the information below
    • No. 1 Korea-No. 1 Optical fiber cable internet subscribers, No. 6 High-speed internet subscribers, No. 9 Internet users, No. 21 Mobile communication service users, No. 44 Mobile phone subscribers
    • No. 2 UAE
    • No. 3 Hong Kong
    • No. 5 Singapore
    • No. 6 Japan
    • No. 9 Denmark
    • No. 18 China
    • No. 27 US
    • No. 31 UK
    • No. 35 Canada
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    ※ Source: World Economic Forum (WEF), Global Competitiveness Report 2019
    Korean smartphone manufacturers have led the industry by sales volume since 2011. Korea’s premium smartphones, which have incorporated new technologies such as 5G and foldable screens, lead the world in innovation.
    "Market Share of the World’s Top 5 Smartphone Manufacturers "
    (Unit : %)
    Please refer to the information below
    Market Share of the World’s Top 5 Smartphone Manufacturers 순위, 2015년, 2016년, 2017년, 2018년, 2019년 정보제공
    순위 2015 2016 2017 2018 2019
    1 삼성 22.5% 삼성 20.5% 삼성 20.9% 삼성 19.0% 삼성 19.2%
    2 애플 15.9% 애플 14.4% 애플 14.0% 애플 13.4% 화웨이 15.6%
    3 화웨이 7.3% 화웨이 8.9% 화웨이 9.8% 화웨이 13.0% 애플 12.6%
    4 레노버 5.1% 오포 일렉트로닉스 5.7% 오포 일렉트로닉스 7.3% 샤오미 7.9% 샤오미 8.2%
    5 샤오미 4.6% vivo 4.8% vivo 6.5% 오포 일렉트로닉스 7.6% 오포 일렉트로닉스 7.1%
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    ※ Source: Gartner
    ※ Footnote: Sales volume
  • Key Industry Leading the National Economy Open
    Key Industry Leading the National Economy
    The proportion of the ICT industry compared to GDP in 2019 was 10.8% (USD 171.1 billion), showing that the industry is driving the economic growth of Korea.
    Mobile phones, in particular, are one of Korea’s top ten export items, accounting for 2.3% of all exports from Korea.
    The commercialization of 5G is leading the trend of growing sales in the telecommunication service industry.
    ※ Source: Ministry of Science and ICT
    ※ Korean Statistical Information Service (KOSIS) : [ICT Export and Import Statistics] Click for
  • Global Companies Located in Korea Strengthen Their 5G Business Open
    Global Companies Located in Korea Strengthen Their 5G Business
    Global ICT companies located in Korea are expanding their 5G related businesses.
    Ericsson, a Swedish company that has led the telecommunications market since the 2G era by investing in Korea,
    is now increasing investment in joint R&D on 5G with Korean telecommunication companies. Nokia, a Finnish company, supports global network quality and functions based on its experience in Korea and is providing the next generation of infrastructure virtualization and solutions, like 5G.
    Please refer to the information below
    • Investor: Ericsson
    • Country: Sweden
    • Number of employees: 668 (December 2019)
    • Sales
      • USD 240 million (2017)
      • USD 200 million (2018)
      • USD 450 million (2019)
    Nokia Solutions and Networks Korea
    • Investor: Nokia
    • Country: Finland
    • Number of employees: 274 (December 2019)
    • Sales
      • USD 170 million (2017)
      • USD 110 million (2018)
      • USD 490 million (2019)
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    In addition, global companies from various industries are investing in 5G, AI, cloud technologies, e-commerce, O2O,
    and games, and Fourth Industrial Revolution related investment is expected to continue to grow.
    games:Tencent, e-commerce:ebay, cloud:amazon, O2O:Delivery Hero, AI:COGNEX, 5G:China Mobile Large view of images
  • 5G+ Strategy and the Digital New Deal Open
    5G+ Strategy and the Digital New Deal
    The Korean government announced the 5G Plus (5G+) Strategy in April 2019, which aims at the early commercialization of 5G and the development of new 5G-based industries.
    With focused investment on ten key industries and five key services based on 5G, Korea will foster new industries based on 5G+,
    strive to take 15% of the market share by 2026, and adopt 5G in the government and public sectors preemptively in order to establish a private-public cooperative relationship.
    "Ten Key Industries and Five Key Services of 5G+ Strategies"
    Please refer to the information below
    • Ten key industries
      • Network
      • Next generation smartphones
      • VR·AR devices
      • Wearable devices
      • Intelligent CCTV
      • (Next generation) Drones
      • (Connected) Robots
      • 5G V2X
      • Information security
      • Edge computing
    • Five key services
      • Immersive content
      • Smart factories
      • Autonomous vehicles
      • Smart cities
      • Digital healthcare
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    The Korean government announced the Korean New Deal policy in July 2020 and plans to focus on investing in the “DNA” ecosystem,
    which stands for data, network, and AI. The goal is to accelerate the utilization and convergence of data, 5G, and AI in all industries by establishing a nationwide 5G network and promoting the AI convergence project.
    "5G Related Digital New Deal Policy"
    5G Related Digital New Deal Policy Project, Main investment area, Total project expenditure, Number of jobs
    Project Main investment area Total project expenditure (USD 100 million) Number of jobs (10,000)
    ‘20추~’22 ‘20추~’25 ‘20추~’25
    Data dam
    • Data augmentation, link, and usage per sector
    • Lead 5G and AI convergence service globally
      • Reduce or exempt registration tax and license tax, deduct investment tax to hasten the establishment of a 5G network
      • Develop 5G convergence services (digital content, autonomous driving technology) by applying immersive technology
    73.1 155.6 38.9
    Intelligent government
    • Paperless government services, smart offices
    • Lead 5G and AI convergence service globally
      • Establish 5G network in government buildings and transfer public information system to private/public cloud centers
    21.5 83.4 9.1
    Smart medical infrastructure
    • Contactless medical services by building 5G, IoT, and digital-based smart medical infrastructure
    0.9 1.7 0.2
  • Development of Communication Device Industry in the Metropolitan Area, Daegu, and Gyeongbuk Area Open
    Development of Communication Device Industry in the Metropolitan Area, Daegu, and Gyeongbuk Area
    Among communication device industries, smartphone clusters are created in the metropolitan area,
    Daegu, and the Gyeongbuk area and network device clusters in the metropolitan area.
    Please refer to the information below
    • Seoul (Guro, Teheran, Sangam, etc.): Digital content, information and communications
    • Gyeonggi (Hwaseong, Pyeongtaek, Paju, Giheung, Icheon, Pangyo, Suwon, Ansan, etc.): Semiconductors, displays, electric and electronic, network devices, etc. (Samsung Electronics, LG Electronics, SK Hynix, etc.)
    • Incheon: Bio, digital signage, robots (content), intelligence fusion parts
    • Gangwon-do: Multimedia content (Chuncheon), medical electronics (Wonju), etc.
    • Chungcheongnam-do (Cheonan/Asan): Displays (Samsung Display, Corning Precision Materials, etc.)
    • Chungcheongbuk-do: ICT semiconductors, secondary batteries, etc. (SK Hynix, DB Hitek, LG Chem, etc.)
    • Sejong: Sejong High-tech Industrial Complex (Sejong Techno Valley)
    • Daejeon: Daedeok Innopolis, intelligent robots, etc.
    • Jeollanam-do and Gwangju: Optical (optical communications, optical information devices), home appliances (LG Innotek, Kumho HT, OE Solutions, Samsung Electronics, Winia Electronics, Carrier, etc.)
    • Gyeongsangbuk-do: Mobile/Smart devices (Gumi, Gyeongsan), electronic components, displays, etc. (Samsung Electronics, LG Electronics, LG Display, LG Innotek, etc.)
    • Daegu (Seongseo): Mobile, IT electric and electronics
    • Ulsan: Automobiles, shipbuilding, electricity, energy (Samsung SDI, etc.)
    • Busan: Intelligent service infrastructure (cultural content), cloud/IoT, marine ICT, etc.
    • Jeju: Electric cars, smart grids, etc.
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    ※ Source : Korea Culture & Tourism Institute
Invest KOREA
KANG HYEONGKON, PARK MIRI New Industry Promotion Team
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