South Korea MVNO Market (2024-2030) | Analysis, Growth, Trends, Revenue, Outlook, Size, Forecast, Companies, Value, Share & Industry

Topics Covered in South Korea MVNO Market Report

South Korea MVNO Market report thoroughly covers the market by Operational Model, Organization Size, and Subscriber. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea MVNO Market Synopsis

South Korea MVNO market is expected to experience significant growth in the coming years due to government support and increasing demand for affordable mobile services. However, challenges such as intense competition and regulations may hinder the market's growth potential.

According to 6Wresearch, South Korea MVNO Market size is expected to grow at a significant CAGR of 10.2% during 2024-2030. The high cost of traditional mobile services is a major driver for the market. South Korea has a high penetration of smartphones which raises the demand for MVNOs as it is able to offer competitive pricing plans and flexible packages. The South Korean government has been actively promoting the growth of MVNOs in the country, hence it is another driver for the country.  MNOs in South Korea have been open to partnering with MVNOs to expand their customer base and increase revenue. This has allowed MVNOs to access the latest technologies and services offered by MNOs. Hence it enables them to provide a wider range of services to their customers. 

MVNOs do not have their own network infrastructure hence, they rely on leasing capacity from MNOs. This can result in limited network coverage, particularly in rural areas where MNOs may not have as strong of a presence. Another challenge for the market is the increasing competition. With the increasing number of MVNOs entering the market, competition has risen. As MVNOs do not have their own network infrastructure, they are dependent on the network quality and reliability of the MNOs they lease from. Any issues with the MNO's network can affect the services provided by MVNOs. 

South Korea MVNO Industry: Leading Players

Korea Telecom Freetel (KTF) is one of the first and largest MVNOs in South Korea. It offers various prepaid mobile plans with competitive pricing. KT-MVNO is operated by South Korea's largest telecommunications company, KT Corporation. It was launched in 2012 and offers a range of postpaid and prepaid services. LG U+ is another major player in the South Korean MVNO market. It offers both mobile phone and internet services to its customers. CJ Hello Mobile is owned by the CJ Group, one of South Korea's largest conglomerates. It entered the MVNO market in 2016 and offers affordable prepaid plans. SK Telecom IoT NarrowBand is a subsidiary of SK Telecom that focuses on providing low-power wide-area network (LPWAN) services for Internet of Things (IoT) devices. Kongguk University MVNO is the first university-operated MVNO in South Korea. It offers discounted mobile services for students and faculty members of Kongguk University.

South Korea MVNO Market: Government Regulations

One of the key initiatives was the introduction of the Mobile Virtual Network Operator (MVNO) Act in 2014. This Act allowed for the entry of new players into the telecommunications market. This act created a regulatory framework that made it easier for MVNOs to obtain necessary licenses and operate their business. The South Korean government has also implemented other initiatives to further boost the market including providing financial support for start-up MVNOs, encouraging partnerships between MNOs and MVNOs, and promoting investments in new technologies such as 5G. The Ministry of Science and ICT has implemented policies to create a level playing field for MVNOs in the market, such as reducing regulatory barriers and providing access to network infrastructure.

Future Insights of the Market

The South Korea MVNO market is expected to witness significant growth in the coming years due to increasing demand for affordable telecom services and advancements in technology. The introduction of 5G networks in the country is also expected to drive the growth of MVNOs as they can offer innovative services at lower costs compared to traditional MNOs. 

Market Segmentation by Operational Model

According to Ravi Bhandari, Research Head, 6Wresearch, the Full MVNO segment is expected to witness rapid growth in the South Korea MVNO market. This can be attributed to the increasing demand for advanced mobile services such as data packages and mobile payments.

Market Segmentation by Organization Size

Based on the Organization Size, large enterprises are projected to dominate the market due to their strong financial capabilities and need for customized enterprise solutions.

Market Segmentation by Subscriber

Based on the subscribers, the consumer segment is currently leading the market with a high adoption rate of MVNO services. However, with the rise in demand for mobile solutions in various industries, such as healthcare and retail, the Enterprise segment is expected to witness remarkable growth in the coming years.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• South Korea MVNO Market Outlook
• Market Size of South Korea MVNO Market, 2023
• Forecast of South Korea MVNO Market, 2030
• Historical Data and Forecast of South Korea MVNO Revenues & Volume for the Period 2020 - 2030
• South Korea MVNO Market Trend Evolution
• South Korea MVNO Market Drivers and Challenges
• South Korea MVNO Price Trends
• South Korea MVNO Porter's Five Forces
• South Korea MVNO Industry Life Cycle
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Operational Model for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Reseller for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Service Operator for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Full MVNO for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Organization Size for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By SMES for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Large Enterprise for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Subscriber for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Consumer for the Period 2020 - 2030
• Historical Data and Forecast of South Korea MVNO Market Revenues & Volume By Enterprise for the Period 2020 - 2030
• South Korea MVNO Import Export Trade Statistics
• Market Opportunity Assessment By Operational Model
• Market Opportunity Assessment By Organization Size
• Market Opportunity Assessment By Subscriber
• South Korea MVNO Top Companies Market Share
• South Korea MVNO Competitive Benchmarking By Technical and Operational Parameters
• South Korea MVNO Company Profiles
• South Korea MVNO Key Strategic Recommendations

Market Covered

The report provides a detailed analysis of the following market segments:

By Operational Model

• Reseller
• Service Operator
• Full MVNO

By Organization Size

• SMEs 
• Large Enterprise

By Subscriber

• Consumer 
• Enterprise