2024-04-26 14:00:59
Korea’s IoT market grows by $1.5 bn every year: Survey
South Korea's IoT industry shows consistent growth, reaching 25.12 trillion won in revenue in 2023, driven by expanding internet-connected devices and applications like connected cars and remote metering. Major telecom companies like SK telecom, KT Corp., and LG Uplus are intensifying competition, offering IoT services ranging from connected car solutions to AIoT integration in kickboard services and securing contracts for remote metering circuits.
