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| 22 December 2020 While similar markets in other countries struggle in the face of growing cord-cutting, in Korea the pay-TV services market is looking up and is projected to be worth US$7.2 billion in 2025 says a study from GlobalData. This says GlobalData’s South Korea Telecom Operators Country Intelligence Report would represent compounded annual growth rate (CAGR) of 2.5% between 2020 and 2025, mainly driven by the subscription growth in IPTV service and growth in overall pay-TV average revenue per user (ARPU). The IPTV subscriber base is forecast to grow at the fastest CAGR of 2.6% to reach an estimated 19.8 million subscriptions by 2025-end. Cable TV and DTH services subscriptions, on the other hand, are expected to decline over the forecast period.

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