B2B drives market demand, with B2B spending representing 95.2% of total demand in 2023. Korea Post is the largest company in South Korea, generating 47.6% of the industry’s total turnover value in 2023. The industry is concentrated, with the top five companies generating 59.3% of total production value in 2023. The total number of companies increases in 2023, to 10,678 units. The costs of the industry increase by 3.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.4% of turnover in 2023, the 16th highest regionally. With turnover of USD6.9 billion, South Korea accounts for 4.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Post and Courier Services in South Korea: ISIC 641. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Post and Courier Services in South Korea: ISIC 641 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cargo handling, warehousing and travel agencies, communications, and transport.
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