South Korea: sports industry growth obstacles

In 2021, during a survey carried out in South Korea for businesses in the sports industry, around 24.3 percent of the respondents answered that insufficient funds were the main stumbling block for their business. Overall, survey answers depicted a tough business environment and small businesses that were financially struggling.

Disruptive factors of development of the sports industry in South Korea as of 2021

Characteristic	Share of respondents
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

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Release date

February 2023

More information

Region

South Korea

Survey time period

August 2 to October 30, 2021

Number of respondents

14,000 establishments*

Special properties

e-mails were used when interviews were not possible

Method of interview

Face-to-face interview

Supplementary notes

Original question:
"What is the most disruptive factor for promotion and development of the sports industry?"

An establishment in the sports industry in this statistic is defined as a company of which more than ten percent of business areas are involved in sports facilities, sports goods, and sports services; with minimum one employee; and registered in South Korea as of December 31, 2021.

*the sample includes 5,613 companies related to sports facilities, 3,247 related to sports goods, and 3,256 related to sports services in South Korea.

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