A digital life
The high smartphone penetration rate among South Koreans is by no means a surprise. In the homeland of smartphone giant Samsung smartphones are an integral part of everyday lives. From online shopping to communication, mobile tickets to mobile payment, smartphones have found their place in almost every aspect of the average South Korean’s life. Unfortunately, this also has its side effects – more than 23 percent of smartphone users were considered to be dependent on their smartphone in 2022.
As 5G is still a fairly new technology, the whole world was watching when South Korea launched their 5G networks as early as in April 2019. While the initial enthusiasm of consumers is gone, the number of subscribers is rising. As of December 2021, South Korea saw nearly 21 million 5G subscriptions. With the development of the new technology, the country is hoping to be in the center of future smartphone developments and inventions. The government of South Korea is aiming for a market share of 15 percent in the global 5G market by 2026.