Households drive market demand, with household spending representing 54.0% of total demand in 2023. CJ Group is the largest company in South Korea, generating 1.8% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 4.6% of total production value in 2023. The total number of companies increases in 2023, to 1,813,831 units. The costs of the industry increase by 8.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 4.2% of turnover in 2023, the 19th highest regionally. With turnover of USD109 billion, South Korea accounts for 6.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Restaurants and Bars in South Korea: ISIC 552. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Restaurants and Bars in South Korea: ISIC 552 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of hotels and camping sites and restaurants, bars and canteens.
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