AI market size in South Korea 2023-2027

Published by
Jang Seob Yoon,
Jun 25, 2024
In 2023, it was forecasted that the size of the artificial intelligence (AI) market in South Korea would amount to around 2.6 trillion South Korean won. The domestic AI industry was expected to record a compound annual growth rate (CAGR) of around 14.9 percent and approach approximately 4.5 trillion won in 2027.

Forecasted size of the artificial intelligence (AI) industry in South Korea from 2023 to 2027 (in trillion South Korean won)

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Release date

April 2023

Region

South Korea

Survey time period

2023 to 2027

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.75 U.S. dollars or 0.69 euros as of February 2024.

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