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The South Korean government is adopting AI-based industrial intelligence across all manufacturing sectors. The government also aims to have self-driving cars in the country by 2027 and to make it the first in the world to have self-driving cars on major streets. To meet this goal, the country’s government and Hyundai Motor Group plan to invest more than USD 50 billion in the South Korea self-driving car market by 2025.
Some of the factors driving the South Korea artificial intelligence market growth are the introduction of government initiatives aimed at driving technological advancements and the emergence of AI-focused startups or scaleups. Cities such as Seoul, Busan, Gwangju, and Pangyo have emerged as leading AI hubs, which aid in promoting the development and use of the technology. By 2027, KT Corporation, the second-biggest mobile carrier in Korea, plans to invest USD 1.2 billion in its AI and robotics business.
South Korea Artificial Intelligence Market Size
South Korea Artificial Intelligence Market Growth
South Korea Artificial Intelligence Market Trends
South Korea Artificial Intelligence Market Share
South Korea Artificial Intelligence Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market value was USD 1,185.90 million.
The market is projected to grow at a CAGR of 15.6% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around USD 4,321.10 million by 2034.
The major drivers include the increasing government investment in AI, and incorporation of AI in automotive manufacturing and healthcare sectors.
The key trends aiding the market include an increasing number of AI focused startups and technological advancements in AI.
The major technologies considered in the market report include machine learning and natural language processing.
The major end uses of artificial intelligence include security, media and advertising, retail, automotive, healthcare, manufacturing, BFSI, and professional services.
The major players in the market include Samsung Electronics Co. Ltd, SK Telecom Co., Ltd., KT Corporation, LG Corporation, Kakao Enterprise Co. Ltd, Microsoft Corporation, Amazon Web Services, Inc., Google LLC, and Riiid, Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124