South Korea Facility Management Market Report and Forecast 2025-2034

South Korea Facility Management Market Outlook

The South Korea facility management market size was approximately USD 46.20 billion in 2024. The market is assessed to grow at a CAGR of 2.9% between 2025 and 2034, reaching a value of USD 60.10 billion by 2034.

Key Takeaways

• Companies in South Korea are focusing on enhancing their technological capabilities by integrating smart factory technologies like AI, robots, and communications at several manufacturing sites.

• Facility management enables companies to improve the functionality and operational capabilities of buildings while enhancing the overall experience/productivity of employees or occupants.

• In November 2023, POSCO, a Korean steel making company, successfully tested an LG Electronics robot for facility management operations at its Gwangyang plant, planning to adopt it for future use.

The market in Sout Korea is expected to expand as companies increase their investments to strengthen their manufacturing competitiveness utilising intelligent autonomous factory technology. The utilisation of cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), and big data analytics is on the rise in facility management. These technologies facilitate a more streamlined and impactful management of facilities, covering areas such as energy management and predictive maintenance, consequently driving up the South Korea facility management market share.

Many companies across South Korea are testing self-driving robots for unmanned facility management and facility diagnosis at hazardous worksites. These robots are equipped with cameras and LiDAR (light detection and ranging) sensors to provide accurate information of the surrounding area to the control room, enabling better monitoring and ensuing worker safety.

As per the South Korea facility management market analysis, the demand for hard facility management is expected to increase significantly during the forecast period. This is because of the increase in the demand for upkeep of physical assets across large enterprises. Some of the key hard facility management services include plumbing, heating and cooling services, and installation of fire safety systems inside buildings.

Outsourced facility management is popular in major sectors like industrial and institutional, as third parties deliver facility management services on a need basis and charge cost-effective rates. This enables organisations to allocate resources for core business activities, improving their overall profitability.

Market Segmentation

South Korea Facility Management Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Offering

• Hard Facility Management

• Soft Facility Management

Market Breakup by Type

• In-house Facility Management

• Outsourced Facility Management

Market Breakup by End Use

• Commercial

• Institutional

• Public/Infrastructure

• Industrial

• Others

Competitive Landscape

The market players are focusing on integrating artificial intelligence and advanced technologies in facility management to gain a competitive edge.

• Hyundai GBFMS Co., Ltd.

• CBRE Inc.

• Savills plc

• Samkoo Inc.

• Sodexo

• SGS Société Générale de Surveillance SA

• Sean Technical Company

• Cushman & Wakefield, Inc.

• Jones Lang LaSalle IP, Inc.

• Others

Key Highlights of the Report