Government drives market demand, with government spending representing 92.8% of total demand in 2023. Ministry of National Defense of South Korea is the largest company in South Korea, generating 19.6% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 29.7% of total production value in 2023. The total number of companies increases in 2023, to 17,574 units. The costs of the industry increase by 7.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 15.4% of turnover in 2023, the seventh highest regionally. With turnover of USD162 billion, South Korea accounts for 6.7% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Public Administration, Defence and Social Security in South Korea: ISIC 75. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Public Administration, Defence and Social Security in South Korea: ISIC 75 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Government and Membership Organizations is an aggregation of Public Administration, Defence and Social Security; Trade Unions, Professional, Political Organisations.
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