South Korea’s Screen Industry Added KRW24 Trillion to 2025 GDP, Study Finds

Overview

• The Oxford Economics report, commissioned by the Motion Picture Association and presented at South Korea’s National Assembly, estimates a KRW24.08 trillion GDP contribution and 291,100 jobs in 2025, with most roles at small and midsize firms.
• The analysis found a strong ripple effect across the economy with a GDP multiplier of 3.1 and estimated KRW7,170 billion in 2025 tax revenue.
• Television remained the largest segment by output and jobs, while video-on-demand is projected to grow fastest through 2028 as viewing shifts toward streaming.
• Exports of Korean film and TV nearly doubled since 2019 to KRW1.8 trillion in 2024, reflecting deeper reach into North America and Europe.
• Officials highlighted next steps that include a KRW43 billion 2026 training plan tied to streaming skills, as the sector weighs weaker theater attendance, a shrinking mid-budget film slate, regulatory uncertainty, and a proposed Tving–Wavve merger.