(MENAFN) South Korea's mobile internet market is estimated to be worth USD40 billion in 2017, driven by its advanced network coverage and robust demand for e-commerce apps, Yonhap News reported.
As of by the end of 2013, the mobile internet market reached USD28 billion for Asia's fourth-largest economy, accounting for around 2 percent of the country's gross domestic product (GDP).
The country will likely register a 10 percent expansion annually in its mobile internet growth over the next two year, with the size of its e-commerce forecast to grow 15 percent every year to USD7 billion.
"The mobile Internet economy has emerged as a major industry over the last five years, and we anticipate it will grow more rapidly in the future," the Boston Consulting Group (BCG) said.
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