Out-of-Home Ad Spending in South Korea to Rebound - eMarketer

Newsletters Sign-Up

Plans & Pricing

Does My Company Subscribe?

Out-of-Home Ad Spending in South Korea to Rebound

Transit advertising is set to grow in 2016

January 14, 2016

Spending on out-of-home ads in South Korea slipped in 2015, with falling spending on transit ads dragging down increases in billboard and entertainment-area ad spending. But that’s expected to change this year, according to one researcher.

Out-of-Home Ad Spending in South Korea, by Format, 2014-2016 (billions of South Korean won and % change vs. prior year)

Korea Broadcast Advertising Corp. (KOBACO) found that overall out-of-home ad spending in South Korea dropped by 2.9% last year, to KRW832.5 billion ($735.3 million). Transit ads, which account for more than half of the total, were down by 8.7%. Even a double-digit increase in billboard ad spending could not counteract the decline in transit’s much larger slice of the out-of-home market.

But transit advertising is looking up for 2016, KOBACO reports. The firm expects a 3.1% increase in such ads, to KRW476.4 billion ($420.8 million). Spending on other out-of-home placements will stagnate or drop, leaving a slow 1.4% growth rate for the medium as a whole.

In September 2015, eMarketer forecast steady, slow growth in outdoor ad spending in South Korea, of 1.5% in 2015 and 1.8% in 2016.

Total Media Ad Spending Share in South Korea, by Media, 2014-2019 (% of total)

Low, single-digit growth rates are not enough for outdoor to maintain its current share of total media ad spending in the country, however. In 2014, outdoor ads accounted for just over 17% of the paid media market. This year, that share will drop to 16.5%, as spending on digital, and especially mobile, ads rises more quickly. By 2019 it will have dropped another point.

ZenithOptimedia, also in September, similarly projected 1.0% growth in outdoor ad spending in South Korea each year from 2015 through 2017.

Go beyond the articles

Corporate subscribers get quick and easy access to the exact data and analysis they need to make critical business decisions:


  • Go beyond the articles:

    eMarketer Products

    You've never experienced research like this.

  • Hear from our clients:

    Customer Stories

    Nearly all Fortune 500 companies rely on us.

  • Want to learn more?

    Contact Us

    Inquire about corporate subscriptions today.