created at Jan 22, 2026 8 Population,Household and DemographicsSouth Korea,officially the Republic of Korea,is characterized by a rapidly aging population,low birth rates,and evolving household structures:Population: As of early 2024,the total population is approximately 51.7 milli...
South Korea, officially the Republic of Korea, is characterized by a rapidly aging population, low birth rates, and evolving household structures.
Population: As of early 2024, the total population is approximately 51.7 million. The country faces a significant demographic challenge with a declining overall population projected in the coming decades.
Household Structure: The average household size has been steadily decreasing, falling below 2.5 persons per household. Single-person households are the fastest-growing type, representing over one-third of all households, driven by factors like delayed marriage, increased divorce rates, and an aging population. Two-person households are also on the rise, primarily consisting of elderly couples or young childless couples.
Demographics:
Age Structure: South Korea has one of the world's lowest birth rates, reaching an all-time low of approximately 0.72 children per woman in 2023. This has led to a rapidly aging society, with the median age rising to around 44 years. The proportion of the population aged 65 and over is increasing significantly, placing strain on social welfare and healthcare systems.
Life Expectancy: Life expectancy at birth is among the highest globally, exceeding 83 years.
Urbanization: The country is highly urbanized, with over 80% of the population residing in urban areas, particularly in the Seoul Capital Area (Seoul, Incheon, Gyeonggi Province), which accounts for roughly half of the national population.
Internet and Digital Usage
South Korea boasts one of the most digitally advanced infrastructures globally, with near-ubiquitous internet access and high digital literacy.
Internet Penetration: Internet penetration rates are consistently among the highest in the world, typically ranging from 93% to 96% of the population. Access to high-speed broadband and 5G mobile networks is widespread.
Mobile Phone Penetration: Mobile phone penetration is almost universal, with over 95% of the population owning a smartphone. South Korea was one of the first countries to widely adopt 5G technology.
Average Daily Usage: Users spend an average of 4-5 hours daily on the internet via mobile devices, with significant time dedicated to social media, video streaming, and online shopping.
Key Digital Activities:
Social Media: Popular platforms include KakaoTalk (dominant messenger app), YouTube, Instagram, Facebook, and Naver Blog/Cafe.
E-commerce: Online shopping is highly prevalent, driven by major players like Coupang, Naver Shopping, and Gmarket.
Video Streaming: A vast majority of internet users engage in video streaming, consuming a mix of local and international content.
Online Banking & Payments: Digital banking and mobile payment systems are highly integrated into daily life.
Current Exchange Rate
As of late May 2024:
1 USD (United States Dollar) ≈ 1,360 KRW (Korean Won)
1 EUR (Euro) ≈ 1,470 KRW (Korean Won)
Note: Exchange rates are subject to daily fluctuations.
Korea's Top 10 Video Streaming Companies
Here is a list of prominent video streaming companies operating in Korea, encompassing both global giants and strong local players.
Founded in February 2005. Acquired by Google in November 2006 for $1.65 billion. It quickly grew to become the dominant online video platform globally, providing a vast array of user-generated and professional content.
Company Location
Headquarters: San Bruno, California, USA (a subsidiary of Google LLC, headquartered in Mountain View, California).
Total Audience Volumes
Global Monthly Active Users (MAU) exceed 2.7 billion. In South Korea, YouTube is the most used streaming service, with approximately 40-45 million monthly active users, nearly covering the entire internet-using population.
Content Categories Provided
User-generated videos (vlogs, tutorials, entertainment), music videos, films (rent/buy), documentaries, live streams, news, educational content, animated series, and original programming (YouTube Originals, though its focus has shifted).
Service Platforms
Web browsers (desktop & mobile), iOS (iPhone, iPad), Android, Smart TVs (Samsung, LG, Sony, etc.), gaming consoles (PlayStation, Xbox), Chromecast, Apple TV, Roku, Amazon Fire TV, set-top boxes, and various other internet-connected devices.
Founded in 1997 as a DVD rental-by-mail service. Introduced its streaming service in 2007. Launched globally in January 2016, including in South Korea. Netflix has heavily invested in Korean original content (K-dramas, films, variety shows), which has significantly boosted its popularity both domestically and internationally.
Company Location
Headquarters: Los Gatos, California, USA. Maintains a significant operational office in Seoul, South Korea, for its content production and market operations.
Total Audience Volumes
Global subscribers exceed 270 million. In South Korea, Netflix consistently ranks as one of the top subscription video-on-demand (SVOD) services, with approximately 12-13 million monthly active users.
Content Categories Provided
Extensive library of original series (including numerous critically acclaimed K-dramas and films), licensed movies, TV shows, documentaries, stand-up comedy specials, and children's programming across a wide range of genres.
Service Platforms
Web browsers (desktop & mobile), iOS, Android, Smart TVs (Samsung, LG, Sony, etc.), gaming consoles (PlayStation, Xbox), Apple TV, Roku, Amazon Fire TV, Chromecast, Blu-ray players, and various set-top boxes.
Joint venture established by SK Telecom and the three major terrestrial broadcasters in South Korea: KBS, MBC, and SBS.
History
Launched in September 2019, formed by the merger of SK Telecom's 'Oksusu' streaming service and 'Pooq,' a joint service by KBS, MBC, and SBS. It aims to be a strong local competitor to global OTT platforms by consolidating broadcast content.
Company Location
Headquarters: Seoul, South Korea.
Total Audience Volumes
One of the leading domestic SVOD services in South Korea, with approximately 3.5-4 million monthly active users.
Content Categories Provided
Primarily focuses on content from KBS, MBC, and SBS, including current and past TV series (K-dramas), variety shows, documentaries, news, and live TV channels. Also offers a growing selection of 'Wavve Originals,' movies (including new releases), and some international series.
Service Platforms
Web browsers (desktop & mobile), iOS, Android, Smart TVs (Samsung, LG, etc.), Android TV devices, set-top boxes (e.g., Btv set-top boxes due to SK Telecom's involvement).
Originally launched by CJ E&M (now CJ ENM). Later became a joint venture between CJ ENM, JTBC, and Naver.
History
Launched in 2010 by CJ E&M. In 2020, it became a joint venture with JTBC. In 2022, it merged with KT's streaming service 'Seezn', further expanding its content library and user base. It is a major player leveraging content from cable broadcasters.
Company Location
Headquarters: Seoul, South Korea.
Total Audience Volumes
A leading domestic SVOD service in South Korea, with approximately 4.5-5 million monthly active users, especially strong after the Seezn merger.
Content Categories Provided
Extensive library of K-dramas, variety shows, and films from CJ ENM channels (tvN, Mnet, OCN, etc.) and JTBC. Offers 'TVING Originals,' movies (including exclusive and early releases), live TV channels from its partner broadcasters, and some foreign content. Features a strong focus on popular K-dramas and reality shows.
Service Platforms
Web browsers (desktop & mobile), iOS, Android, Smart TVs (Samsung, LG, etc.), Android TV devices, Apple TV, set-top boxes (e.g., Olleh TV set-top boxes due to KT's former Seezn involvement).
Coupang (parent e-commerce company, founded by Bom Kim)
History
Launched in December 2020 by the South Korean e-commerce giant Coupang. It is offered as a premium benefit to subscribers of Coupang's "WOW" membership, integrating streaming into a broader e-commerce loyalty program. It quickly gained traction due to its existing user base and exclusive sports content.
Company Location
Headquarters: Seoul, South Korea (parent company Coupang has dual headquarters in Seattle, USA, and Seoul, South Korea).
Total Audience Volumes
Rapidly growing, with approximately 4-4.5 million monthly active users, leveraging Coupang's vast e-commerce subscriber base.
Content Categories Provided
Movies (both domestic and international), K-dramas, animated children's content, educational content. A key differentiator is its exclusive live sports content, including K-League football, European football leagues (e.g., F1, NFL), and major international sporting events, along with 'Coupang Play Originals'.
Launched in 2012 as a personalized movie recommendation service. Evolved into a subscription video-on-demand service, 'WATCHA Play', in 2016. It is known for its strong recommendation engine and diverse library, often catering to niche tastes beyond mainstream hits.
Company Location
Headquarters: Seoul, South Korea.
Total Audience Volumes
A significant player in the Korean SVOD market, with approximately 1-1.5 million monthly active users.
Content Categories Provided
A vast and diverse library of movies (including independent films, foreign cinema, and classics), TV series (both Korean and international), documentaries, and animated films. Emphasizes content variety and personalized recommendations, offering a wider range of niche and arthouse films compared to some competitors. Also includes some 'WATCHA Originals'.
Service Platforms
Web browsers (desktop & mobile), iOS, Android, Smart TVs (Samsung, LG, etc.), Apple TV, Chromecast.
Globally launched in November 2019. Entered the South Korean market in November 2021, bringing its extensive library of beloved franchises and original content to Korean audiences. It faces strong competition but benefits from its globally recognized brands.
Company Location
Headquarters: Burbank, California, USA. The Walt Disney Company has a local office in Seoul, South Korea, managing operations and content strategy for the region.
Total Audience Volumes
Global subscribers exceed 150 million. In South Korea, it has approximately 1.5-2 million monthly active users, growing steadily with localized content strategies.
Content Categories Provided
Content from Disney, Pixar, Marvel, Star Wars, National Geographic, and Star (which includes general entertainment content, often containing content from Hulu in other markets, and a growing number of Korean original series and films). Offers a wide range of family-friendly content, superhero sagas, sci-fi epics, and documentaries.
Service Platforms
Web browsers (desktop & mobile), iOS, Android, Smart TVs (Samsung, LG, Sony, etc.), gaming consoles (PlayStation, Xbox), Apple TV, Roku, Amazon Fire TV, Chromecast, and various set-top boxes.
Part of the broader Naver ecosystem, South Korea's dominant search engine and portal. Launched in 2005 as a video sharing platform, it has evolved into a comprehensive content hub, hosting a mix of professional, semi-professional, and user-generated content, deeply integrated with other Naver services.
Company Location
Headquarters: Seongnam, Gyeonggi Province, South Korea.
Total Audience Volumes
As a major video platform within the Naver ecosystem, it reaches a vast audience. Estimates suggest approximately 5-6 million monthly active users engaging with its video content.
Content Categories Provided
Short-form videos, web dramas, highlights from terrestrial and cable TV shows, user-generated content, live broadcasts (including sports highlights, e-sports, and celebrity streams), music videos, and content from various media partners. It serves as a significant platform for emerging content creators and short-form digital series.
Service Platforms
Web browsers (desktop & mobile), iOS, Android. Primarily accessed through the Naver mobile app or web portal.
Originally known as 'Daum tvPot', it was rebranded as KakaoTV in 2015 following the merger of Daum and Kakao. In 2020, KakaoTV relaunched with a strong focus on mobile-first, short-form original content, creating a new niche in the Korean streaming landscape by leveraging the widespread use of the KakaoTalk messenger app.
Company Location
Headquarters: Jeju-do and Seongnam, Gyeonggi Province, South Korea.
Total Audience Volumes
Integrated within the Kakao ecosystem (especially KakaoTalk), it garners significant viewership. Estimates suggest approximately 3-4 million monthly active users for its video content.
Content Categories Provided
Specializes in short-form original series (web dramas, variety shows designed for mobile viewing), live broadcasts (from entertainment agencies, artists, and gaming events), user-generated content, and highlights from traditional TV programs. Its mobile-first originals have been particularly successful in attracting younger audiences.
Service Platforms
Web browsers (desktop & mobile), iOS, Android (primarily accessed through the KakaoTalk app or KakaoTV app).
Launched in 2017 by Eclat Entertainment, the company behind the popular SPOTV cable sports channels. It was created to provide a dedicated over-the-top (OTT) platform for live and on-demand sports content, addressing the demand for access to major international sports leagues. It has become the go-to platform for premium sports streaming in Korea.
Company Location
Headquarters: Seoul, South Korea.
Total Audience Volumes
A niche but dominant player in the sports streaming market, with approximately 0.5-1 million monthly active users, particularly during major sports seasons.
Content Categories Provided
Exclusively focuses on live sports broadcasts and related content. Key sports include English Premier League, La Liga, Serie A, UEFA Champions League, MLB (Major League Baseball), NBA (National Basketball Association), UFC (Ultimate Fighting Championship), Tennis Grand Slams, and various other international and domestic sports events. Also offers highlights, replays, and analysis programs.
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