South Korea Telecoms Industry Report – 2021-2027

1       Key Statistics 1.1        South Korea Population 1.2        South Korea Households 1.3        South Korea’s GDP 2       COVID-19 Impact 3       Overall Telecommunications Market, 2014–2027 3.1        Market Overview 3.2        South Korea’s Race to Lead in 5G and Beyond 3.3        Historical Telecommunications Market Revenue, 2014-2020 3.4        Overall Telecommunications Market Forecast, 2020-2027 3.5        Telecommunications Market Capital Expenditure, 2014-2027 3.5.1      Historical Telecommunications Capex Spend, 2014-2020 3.5.2      Capex to Revenue Benchmark 3.5.3      Capex to GDP Benchmark 3.5.4      Telecommunications Capex Spend Forecast, 2020-2027 4       Telecommunications Operators Profile 4.1        SK Telecom Profile 4.1.1      SK Telecom Revenue, EBITDA and Capex Mix 4.2        KT Profile 4.2.1      KT Revenue, EBITDA and Capex Mix 4.3        LG Uplus Profile 4.3.1      LG Uplus Corporation Revenue, EBITDA and Capex Mix 5       Mobile Market 5.1        Mobile Subscribers Historical and Forecast, 2014-2027 5.1.1      Mobile Subscribers Historical, 2014-2021 5.1.2      Mobile Subscribers Market Share, 2014-2021 5.1.3      South Korea Smartphone Share, 2021 5.1.4      South Korea Mobile Subscribers Forecast, 2020-2027 5.1.5      South Korea Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2020-2027 5.2        Mobile Revenue Historical and Forecast, 2014-2027 5.2.1      Historical South Korea Mobile Service Revenue, 2014-2020 5.2.2      Mobile Service Revenue Forecast, 2020–2027 5.2.3      Mobile Subscribers ARPU, 2014-2021 5.3        Spectrum Holdings 5.3.1      Spectrum Pricing and Regulation 5.3.2      5G Development and Launches 5.3.3      Mobile Frequencies Portfolios Analysis 5.3.1      Spectrum Depth Benchmark by Country 5.4        Mobile Download Data and Pricing Trends 5.5        Mobile Speed Tests 5.5.1      Ookla Mobile Speed Tests 5.5.2      OpenSignal 5.6        Internet of Things (IoT) 6       Broadband Market 6.1        Fixed Broadband Subscribers Historical, 2014-2021 6.2        Fixed Broadband Subscribers Forecast, 2020-2027 7       Telecommunications Infrastructure Investments 7.1        The Success of Korea ICT Policies 7.1.1      Government ICT Plans 7.1.2      Submarine Cables 8       South Korea Telecom Towers Infrastructure Landscape 8.1.1      Tower Density Benchmark 8.2        Telco Infrastructure Comparative 9       Thematics / Opportunities 9.1        Consolidation Opportunities 9.2        Diversification Opportunities 9.2.1      e-Commerce 9.2.2      Content and IPTV 9.3        New Telecoms Operating Model 9.3.1      The Attraction of Infrastructure Multiples 9.4        5G Developments 9.4.1      5G Overview 9.4.2      5G – Relative Capex Investments and Frequency Range 9.4.3      5G OpenRAN 9.4.4      Beyond 5G and Towards 6G 10     Telco M&A Transaction Database 11     Methodology 12     Copyright Notice South Korea Telecoms Industry Report – List of Figures Figure 1 – Telco sector revenue as % of GDP in South Korea Figure 2 –Revenue Profile Historical Mix (KRW bn), 2014 – 2020 Figure 3 – Telecommunications Market Revenue Pool, 2020 Figure 4 – Telecommunications Market EBITDA Pool, 2020 Figure 5 – Telecommunications Revenue & EBITDA Share Estimates, 2020 Figure 6 – Total Telecoms Market Revenue and Growth Rate (KRW bn), 2020-2027 Figure 7 – Capex to Revenue Benchmark, 2014-2020 Figure 8 – Capex to GDP Ratio Benchmark, 2014-2020 Figure 9 – Telecommunications Capital Expenditure Spend, 2000-2027 Figure 10 – SK Telecom Service Revenue Mix, 2014-2020 Figure 11 – SK Telecom Historical Revenue Mix, 2014 – 2020 (KRW bn) Figure 12 – KT Revenue Mix, 2014-2020 Figure 13 – KT Historical Revenue Mix, 2014 – 2020 (KRW m) Figure 14 – LG Uplus Service Revenue Mix, 2014-2020 Figure 15 – LG Uplus Historical Revenue Mix, 2014 – 2020 (KRW bn) Figure 16 – Mobile Subscribers Share Comparison, 2014-2021 Figure 17 – Mobile Subscriber Share Comparison, 2014-2021 Figure 18 – Mobile Net Adds (000’s) Comparison, 2015-2021 Figure 19 – Mobile Subscribers Forecast, 2014-2027 Figure 20 – South Korea Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2020-2027 Figure 20 – Mobile Service Revenue Forecast (KRW bn), 2020-2027 Figure 21 – Mobile Subscribers ARPU (KRW), 2014-2027 Figure 22 – Mobile Frequencies by Operators and by Band (MHz) Figure 23 – Subscriptions per MHz of Spectrum, Select Asia-Pacific Countries, 2021 Figure 24 – Mobile Handsets Monthly Download Data, 2017-2020 Figure 25 – Data Pricing Trends in Asia-Pacific (US$ per GB per month), 2017-2020 Figure 26 – Spectrum available and IoT Landscape in South Korea Figure 27 – Broadband Subscribers Share Comparison, 2014-2021 Figure 28 – South Korea Net-Adds (000’s) by Operators, 2015-2021 Figure 29 – Broadband Subscribers Forecast, 2014-2027 Figure 30 – Development History of ICT in Korea Figure 31 – South Korea Telecom Towers Market Share, 2020 Figure 32 – Subscribers per Tower, 2021 Figure 33 – Telecoms Providers EV/EBITDA Ranges Figure 34 – 5G Network Slices Structure Figure 35 – Effect of Frequency on Range Figure 36 – 5G Capacity and Coverage Layers Figure 37 – Relative Capex Required for 5G Network Infrastructure Investment Figure 38 – Telecom Infra Project – OpenRAN Vision South Korea Telecoms Industry Report – List of Tables Table 1 – South Korea – Key Statistics Table 2 – Telecommunications Market Revenue by Operators, 2014-2020 Table 3 – Total Telecommunications Market Revenue, 2020-2027 Table 4 – Historical Telecommunications Capex Spend, 2014-2020 Table 5 – Total Telecommunications Capex Investments Forecast, 2020-2027 Table 6 – Historical SK Telecom Revenue, EBITDA and Capex Mix, 2014-2020 Table 7 – Historical KT Revenue, EBITDA and Capex Mix, 2014-2020 Table 8 – Historical LG Uplus Revenue, EBITDA and Capex Mix, 2014-2020 Table 9 – Historical Mobile Subscribers, 2014-2021 Table 10 – South Korea Mobile Subscribers Forecast, 2020-2027 Table 11 – South Korea Mobile Subscribers by Generation (2G, 3G, 4G & 5G) Forecast, 2020-2027 Table 11 – Historical Mobile Service Revenue, 2014-2020 Table 12 – Mobile Service Revenue Forecast, 2020-2027 Table 13 – Historical Mobile Market Blended Mobile ARPU, 2014-2021 Table 14 – Spectrum Holdings by Operators and by Bands (MHz) Table 15 – Historical Broadband Subscribers by Service Providers and by Technology, 2014-2021 Table 16 – South Korea Broadband Subscribers Forecast, 2020-2027 Table 17 – International Submarine Cable Systems with Landing Stations in South Korea Table 18 – SK Telecom, KT, LG Uplus Infrastructure Landscape Table 19 – Technology Specifications (ADSL, FTTN, Fibre, 4G/LTE, 4G/LTE-A and 5G) Table 20 – Telco Transaction Database, 2008-2020