In 2024, the gross domestic product (GDP) produced from the manufacturing sector in South Korea amounted to approximately 611 trillion South Korean won, being the most valuable sector by far compared to other sectors of the country. However, when looking at the combined GDP of all service industry sectors, their total exceeded 1,000 trillion won. This indicates that the service sector collectively plays a crucial role in driving the country's economic growth.

Industrial Production in South Korea increased 0.20 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - South Korea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the service sector accounted for about ** percent of South Korea's gross domestic product (GDP), while manufacturing contributed about **** percent. After the Korean War (1950-1953), South Korea achieved impressive economic growth based largely on the contribution of the manufacturing sector.

Industry (including construction), value added (% of GDP) in South Korea was reported at 31.59 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Industry, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2023, the export value of the music industry in South Korea amounted to around *** billion U.S. dollars.K-popThe main export in the South Korean music industry is K-pop. Korean pop music has been increasingly popular all around the world. In 2023, a survey conducted in 28 countries across the world found that around ** percent of respondents considered K-pop to be very popular in their country. The most popular K-pop stars worldwide were the boy group BTS. Music in South KoreaWhile K-pop is known for being successful outside of South Korea’s borders, Korean music is of course also enjoyed domestically. A 2024 survey found that ballads and K-pop were the most popular music genres in South Korea. The most popular way of listening to music in 2024 was via one's smartphone, by streaming or downloading music. While the South Korean music streaming industry was previously dominated by a handful of domestic streaming services, most notably Melon, YouTube was the most popular music streaming service in 2024.

The South Korea Foodservice Market report segments the industry into Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), Outlet (Chained Outlets, Independent Outlets), and Location (Leisure, Lodging, Retail, Standalone, Travel). Five years of historical data and five-year forecasts are covered.

Key information about South Korea Industrial Production Index Growth

• South Korea Industrial production rose 3.6 % YoY in Jan 2025, following an increase of 3.7 % YoY in the previous month.
• South Korea Industrial production index growth rate YoY data is updated monthly, available from Jan 1958 to Jan 2025, with an average rate of 8.8 %.
• The data reached an all-time high of 39.9 % in Apr 1968 and a record low of -21.5 % in Jan 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Statistics Korea provides Industrial Production Index with base 2020=100. Industrial Production Index Growth prior to January 1981 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

In 2023, services contributed around 58.42 percent to South Korea's gross domestic product (GDP), while 31.59 percent came from South Korea’s industry sector, and a little less than two percent of South Korea’s GDP was generated by the country’s agriculture sector. South Korea’s services sector employed over 70 percent of the South Koreans workforce in 2018 . South Korea’s workforce Much of the over 51 million inhabitants of South Korea are employed, and the unemployment rate is expected to remain under four percent through 2024. South Korea is experiencing the effects of an aging labor force, with a decrease in population share of people entering the work force, and a simultaneous increase of the number of those aged 65 years and above. Despite that, the country’s economy has remained a powerhouse, growing at around 2.5 percent from 2018 to 2019. The South Korean economy South Korea is known as an economic success story; it rose from one of the poorest countries before the 1960’s to a developed country with a high income level. Overall, South Korea’s total GDP was estimated to be approximately 1.7 trillion U.S. dollars in 2019, and is expected to continue to increase through 2024. South Korea is considered to be one of the core economies driving the next generation of economic growth, alongside the BRIC countries (Brazil, Russia, India, and China).

Korea Exports: CI: Music data was reported at 455,386.000 USD th in 2017. This records an increase from the previous number of 442,566.000 USD th for 2016. Korea Exports: CI: Music data is updated yearly, averaging 139,687.500 USD th from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 455,386.000 USD th in 2017 and a record low of 13,885.000 USD th in 2007. Korea Exports: CI: Music data remains active status in CEIC and is reported by Korea Creative Content Agency. The data is categorized under Global Database’s South Korea – Table KR.JA051: Trade Statistics: Contents Industry.

The size of the Food Service in Korean Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.60% during the forecast period. The South Korean Food Service industry includes the cooking, promoting, and transporting of food and drinks in different business settings like diners, coffee shops, fast food franchises, and catering companies. This sector is crucial for offering a variety of convenient dining choices to customers. Key segments consist of full-service restaurants, dominating the market share, and cloud kitchens, experiencing rapid growth due to the rise of online food delivery services. Major players such as Starbucks Corporation and smaller local chains control the market with wide-reaching networks and a variety of options. Even though there are obstacles like regulatory issues and intense competition, the market's optimistic future is driven by continuous innovations and changing consumer preferences, underscoring the vital importance of the food service sector in South Korea's economy. Recent developments include: April 2023: Shinsegae Food introduced a 100% plant-based burger called Better Burger. Instead of using animal products like milk and eggs, the burger uses substitute meat, cheese, and buns created from plant-based proteins like soybeans and cashew nuts.March 2023: Yum! Brands Inc. teamed up with a Korean private equity fund to acquire KFC Korea Co.February 2023: McDonald's Korea collaborated with NewJeans and introduced a special crispy chicken sandwich meal.. Key drivers for this market are: Growing Demand for Cocoa Butter Equivalents Among Food Manufacturers, Rising Application in Food Industry. Potential restraints include: Health Concerns Pertaining to the Excessive Consumption of Fats and Oils. Notable trends are: High demand for traditional cuisines and increased spending on dining increase the sales.

South Korea industry 4.0 market size reached USD 3,138.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 10,534.4 Million by 2033, exhibiting a growth rate (CAGR) of 14.4% during 2025-2033. The growing automation of various industrial processes to reduce the occurrence of errors and improve operational efficiency, increasing integration of artificial intelligence (AI) and machine learning (ML), and rising need for robust security maintenance represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 3,138.9 Million
Market Forecast in 2033	USD 10,534.4 Million
Market Growth Rate (2025-2033)	14.4%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, technology type, and end use industry.

South Korea manufacturing output for 2023 was 416.39 billion US dollars, a 2.95% decline from 2022.

<ul style='margin-top:20px;'>

<li>South Korea manufacturing output for 2022 was <strong>429.06 billion US dollars</strong>, a <strong>7.42% decline</strong> from 2021.</li>
<li>South Korea manufacturing output for 2021 was <strong>463.45 billion US dollars</strong>, a <strong>13.74% increase</strong> from 2020.</li>
<li>South Korea manufacturing output for 2020 was <strong>407.47 billion US dollars</strong>, a <strong>2.18% decline</strong> from 2019.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

South Korea Industry Electricity Price: USD per kWh data was reported at 0.170 USD/kWh in 2023. This records an increase from the previous number of 0.130 USD/kWh for 2022. South Korea Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.100 USD/kWh from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.170 USD/kWh in 2023 and a record low of 0.080 USD/kWh in 1997. South Korea Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: OECD Member: Annual.

Industrial Production in South Korea decreased 2.90 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - South Korea Industrial Production Mom - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment in industry (% of total employment) (modeled ILO estimate) in South Korea was reported at 23.99 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Employment in industry (% of total employment) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

South Korean Data Center Physical Security Market Report is Segmented Into Component (Solution Type, Service Type), Data-Center Tier(Tier I and II, Tier III, Tier IV), Data Center Type(Hyperscaler, Colocation, Enterprise, and Edge Data Center). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments. The Market Forecasts are Provided in Terms of Value (USD).

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Korea (KORPROINDMISMEI) from Jan 1990 to Mar 2024 about Korea, IP, and indexes.

In 2023, there were around *** million employees in the manufacturing industry in South Korea. The wholesale and retail sector followed, with about 3.5 million employees.

In 2024, the gross domestic product generated by culture, arts, sports, and leisure services in South Korea reached approximately ** trillion South Korean won. The GDP from the cultural sector has nearly doubled over the past two decades.