×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

South Korea Internet Radio Market

ID: MRFR/SEM/47267-HCR
200 Pages
Aarti Dhapte
October 2025

South Korea Internet Radio Market Research Report By Media Player (Itunes, Windows Media Players, Winamp, Spider Player, Others), By Audio Format (MP3, OGG, WMA, RA, AAC), By Device Support (PC, Laptop, Tablet, Smart Device, Others) and By Advertiser Type (Insurance, Travel Airline, Hotel & Restaurant, Rental Service, Consumer Electronics, Media & Entertainment, Computer & Software, Others)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

South Korea Internet Radio Market Infographic
Purchase Options

South Korea Internet Radio Market Summary

As per MRFR analysis, the South Korea internet radio market Size was estimated at 112.0 USD Million in 2024. The South Korea internet radio market is projected to grow from 130.26 USD Million in 2025 to 589.76 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 16.3% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South Korea internet radio market is experiencing dynamic growth driven by technological advancements and changing consumer preferences.

  • Mobile streaming continues to rise, reflecting a shift in consumer behavior towards on-the-go audio consumption.
  • Podcasting emerges as a rapidly growing segment, appealing to diverse audiences with varied interests.
  • AI technology enhances user experience, providing personalized content recommendations and improving engagement.
  • Key market drivers include increasing smartphone penetration and the growing demand for personalized content.

Market Size & Forecast

2024 Market Size 112.0 (USD Million)
2035 Market Size 589.76 (USD Million)
CAGR (2025 - 2035) 16.3%

Major Players

Spotify (SE), Pandora (US), iHeartMedia (US), TuneIn (US), SiriusXM (US), Radio.com (US), Deezer (FR), SoundCloud (DE), AccuRadio (US)

South Korea Internet Radio Market Trends

The internet radio market in South Korea is experiencing notable growth, driven by the increasing penetration of smartphones and high-speed internet access. As more consumers turn to digital platforms for entertainment, the demand for diverse audio content has surged. This shift is reflected in the rising number of internet radio stations and the expansion of streaming services, which cater to various musical tastes and preferences. Furthermore, the integration of artificial intelligence and personalized recommendations enhances user experience, making it easier for listeners to discover new content. In addition, the internet radio market benefits from the growing trend of podcasting, which has gained traction among South Korean audiences. This format allows for a wide range of topics, appealing to niche interests and fostering community engagement. Advertisers are increasingly recognizing the potential of this medium, leading to a rise in targeted advertising strategies. As the market continues to evolve, it appears poised for further expansion, with innovations in technology and content delivery likely to play a crucial role in shaping its future.

Rise of Mobile Streaming

The proliferation of smartphones has significantly influenced the internet radio market. With more users accessing content on mobile devices, streaming services are optimizing their platforms for mobile use. This trend indicates a shift in consumer behavior, as convenience and accessibility become paramount.

Growth of Podcasting

Podcasting has emerged as a vital component of the internet radio market. South Korean listeners are increasingly drawn to this format, which offers diverse content ranging from entertainment to education. This trend suggests a potential for advertisers to engage with targeted audiences effectively.

Enhanced User Experience through AI

The integration of artificial intelligence in the internet radio market is transforming how content is delivered. Personalized recommendations and smart algorithms are improving user engagement, indicating a shift towards more tailored listening experiences.

South Korea Internet Radio Market Drivers

Diverse Content Offerings

The internet radio market in South Korea benefits from a rich variety of content that caters to diverse listener preferences. From music genres to talk shows and niche podcasts, the availability of varied programming attracts a broad audience. Recent data indicates that approximately 70% of listeners engage with multiple genres, enhancing user retention and engagement. This diversity not only appeals to younger demographics but also to older generations seeking specific content. As content creators and broadcasters continue to innovate and diversify their offerings, the internet radio market is poised for sustained growth, appealing to an ever-expanding listener base.

Integration with Smart Devices

The integration of internet radio services with smart home devices is transforming the listening experience in South Korea. As smart speakers and home assistants become increasingly prevalent, the internet radio market is witnessing a shift in how consumers access audio content. Reports suggest that around 40% of households now own smart speakers, which facilitate hands-free streaming of internet radio. This trend indicates a growing preference for convenience and accessibility, allowing users to enjoy their favorite stations effortlessly. The continued advancement of smart technology is likely to further enhance the internet radio market, making it an integral part of daily life for many consumers.

Rise of Social Media Influence

Social media platforms are playing a crucial role in shaping the internet radio market in South Korea. With the rise of platforms like Instagram and TikTok, content creators are leveraging these channels to promote their internet radio shows and podcasts. This synergy between social media and internet radio has led to increased visibility and listener engagement. Data shows that approximately 50% of internet radio listeners discover new content through social media recommendations. As influencers and creators continue to harness the power of social media, the internet radio market is likely to experience a boost in audience growth and interaction.

Increasing Smartphone Penetration

The proliferation of smartphones in South Korea has been a pivotal driver for the internet radio market. As of 2025, smartphone penetration in the country is estimated to exceed 95%, facilitating easy access to internet radio platforms. This high level of smartphone usage enables users to stream content seamlessly, whether at home or on the go. The convenience of mobile access has led to a surge in listener numbers, with reports indicating that over 60% of internet radio consumption occurs via mobile devices. This trend suggests that the internet radio market is likely to continue expanding as more consumers embrace mobile technology for their audio entertainment needs.

Growing Demand for Personalized Content

The demand for personalized content is becoming a significant driver in the internet radio market. South Korean consumers increasingly seek tailored listening experiences that align with their individual preferences. This trend is reflected in the rise of algorithm-driven recommendations and curated playlists, which enhance user satisfaction. Recent surveys indicate that over 65% of listeners prefer platforms that offer personalized content, suggesting a shift towards more customized audio experiences. As technology continues to evolve, the internet radio market is expected to adapt by providing more personalized options, thereby attracting a wider audience and fostering loyalty among listeners.

Market Segment Insights

By Software Media Player: iTunes (Largest) vs. Others (Fastest-Growing)

In the South Korea internet radio market, iTunes holds the largest share among software media players, demonstrating a strong presence due to its established user base and seamless integration with Apple devices. Windows Media Players and Winamp follow as notable contenders, though their shares are diminishing in a rapidly evolving landscape. Meanwhile, emerging players, identified as 'Others', are capitalizing on niche opportunities, garnering increased user interest and market access. Growth trends in this segment are driven by advancements in technology and shifting consumer preferences towards more flexible and diverse listening options. The rise of mobile and on-demand streaming has prompted software media player providers to innovate, enhancing their features to retain existing users while attracting new ones. This dynamic has resulted in significant competition, especially among lesser-known players, leading to a vibrant and diverse software media landscape.

iTunes (Dominant) vs. Others (Emerging)

iTunes remains the dominant player in the South Korea internet radio market due to its comprehensive ecosystem, user-friendly interface, and consistent updates that cater to the evolving demands of consumers. Its robust library of content and exclusive offerings provide an advantage over traditional players like Windows Media Players and Winamp. In contrast, the segment labeled as 'Others' is rapidly gaining traction, characterized by innovative approaches and unique features that appeal to younger demographics. These emerging players are often more agile, introducing fresh functionalities and user experiences, thereby capturing market share from established competitors. This growing competition fosters a diverse media player landscape that continues to evolve with technological advancements.

By Audio Format: MP3 (Largest) vs. AAC (Fastest-Growing)

The market share distribution among audio formats in the South Korea internet radio market exhibits a clear leadership by MP3, which holds a substantial portion of the total share. Following MP3, AAC is increasingly capturing attention as the fastest-growing format due to its superior audio quality at similar bitrates compared to its predecessors. Other formats like OGG and WMA hold smaller shares, yet they cater to niche audiences, offering unique features that may appeal to specific user preferences. In terms of growth trends, the shift towards mobile streaming and the increasing demand for high-quality audio content significantly boost the AAC format's growth trajectory. Innovative technology and the reduction of storage costs further enhance the adoption of compressed audio formats, allowing users to enjoy uninterrupted streaming experiences. The versatility of these formats, especially in mobile applications, continues to drive consumer interest and platform optimization in the South Korea internet radio market.

MP3 (Dominant) vs. OGG (Emerging)

MP3 is the dominant audio format within this segment, known for its widespread compatibility and established presence across various platforms and devices. Its ability to balance file size with reasonable audio quality makes it the go-to choice for consumers in the South Korea internet radio market. On the other hand, OGG, while not as universally recognized, is emerging due to its open-source nature and efficient compression methods. OGG provides better sound quality at lower bitrates, appealing to audiophiles who prioritize audio fidelity. As awareness grows regarding the benefits of OGG, coupled with increasing support from streaming platforms, it is expected to carve out a more significant niche in the competitive landscape.

By Device Support: Smart Device (Largest) vs. Tablet (Fastest-Growing)

In the South Korea internet radio market, the distribution of device support is notably varied, with Smart Devices holding a commanding share. Following closely are PCs and Laptops, which remain essential for traditional users, while Tablets have begun to carve out a niche in the streaming space. The Others segment, comprising a mix of lesser-used devices, continues to show limited market presence and engagement. Recent trends indicate a significant shift towards Smart Devices due to their convenience and integration with other smart home technologies. This growth is complemented by an increasing number of audio streaming applications tailored for Tablets, marking them as the fastest-growing segment. As consumers favor portability and ease of access, the demand for these devices is expected to rise, influencing overall market dynamics.

Smart Device (Dominant) vs. Tablet (Emerging)

The Smart Device segment dominates the landscape in the South Korea internet radio market, characterized by its seamless connectivity and multitasking capabilities. These devices allow users to access a wide variety of radio stations and streaming options, making them popular among consumers. Meanwhile, the Tablet segment, although currently smaller, is emerging as a vital component of media consumption, particularly among younger demographics who appreciate its larger screen and portability. Tablets offer a more immersive listening experience, which is appealing as more users seek quality and versatility in their device options. Consequently, while Smart Devices lead the market, Tablets are rapidly gaining traction, setting the stage for an evolving competitive environment.

By Advertiser Type: Media & Entertainment (Largest) vs. Travel Airline (Fastest-Growing)

The South Korea internet radio market exhibits a diverse distribution of advertiser types. Among these, media & entertainment holds the largest share, reflecting the industry’s robust investment in digital platforms. Following closely are sectors such as automotive and financial services, which also contribute significantly. However, travel airline and hotel & restaurant segments are increasingly emerging, indicating a notable shift towards experiential advertising, especially as travel rebounds post-pandemic. Growth trends in the segment highlight an exciting landscape for advertisers. The surge in media & entertainment is fueled by an increasing demand for audio content among consumers. Conversely, the travel airline segment is gaining momentum as interest in travel resumes, driving advertisers to leverage digital channels to reach potential customers. As consumer habits evolve, the adaptability of these sectors is pivotal for sustained growth.

Media & Entertainment: Dominant vs. Travel Airline: Emerging

In the context of the South Korea internet radio market, media & entertainment stands out as the dominant segment, characterized by significant investments and a comprehensive approach to engaging audiences through various content formats. This sector encompasses a range of advertising strategies including podcasts and musical content, which resonate well with listeners. Moreover, the sector benefits from audience loyalty and regular engagement, leading to high advertising returns. In contrast, the travel airline segment is emerging rapidly, driven by a renewed interest in travel and tourism. Despite being a newer player in the digital advertising arena, it showcases innovative campaigns aimed at enticing travelers, leveraging social media and influencer partnerships to capture attention. This dual dynamic between a dominant and an emerging sector highlights the evolving landscape of the South Korea internet radio market.

Get more detailed insights about South Korea Internet Radio Market

Key Players and Competitive Insights

The internet radio market exhibits a dynamic competitive landscape, characterized by rapid technological advancements and evolving consumer preferences. Key players such as Spotify (SE), iHeartMedia (US), and Deezer (FR) are at the forefront, each adopting distinct strategies to enhance their market presence. Spotify (SE) continues to innovate its platform, focusing on personalized user experiences through advanced algorithms and curated playlists, which appears to resonate well with the younger demographic. Meanwhile, iHeartMedia (US) emphasizes its extensive network of terrestrial radio stations, leveraging this to create a hybrid model that integrates traditional broadcasting with digital streaming, thus appealing to a broader audience. Deezer (FR) is also making strides by expanding its content library and enhancing its user interface, which suggests a commitment to retaining existing users while attracting new ones. Collectively, these strategies contribute to a competitive environment that is increasingly defined by technological integration and user-centric offerings.

The business tactics employed by these companies reflect a nuanced understanding of the market's structure, which is moderately fragmented yet increasingly competitive. Localizing content and optimizing supply chains are pivotal tactics that enhance operational efficiency and customer satisfaction. The influence of major players is significant, as they not only set industry standards but also drive innovation through strategic partnerships and collaborations. This collective influence shapes a market where agility and responsiveness to consumer trends are paramount.

In October 2025, Spotify (SE) announced a partnership with a leading South Korean music label to enhance its local content offerings. This strategic move is likely to bolster Spotify's appeal in the region, as it aligns with the growing demand for localized content among South Korean listeners. By integrating popular local artists into its platform, Spotify (SE) may strengthen its competitive edge against other players in the market.

In September 2025, iHeartMedia (US) launched a new initiative aimed at integrating AI-driven analytics into its advertising strategies. This development is significant as it allows for more targeted advertising, potentially increasing revenue streams while enhancing the user experience. The use of AI in optimizing ad placements could provide iHeartMedia (US) with a substantial advantage in attracting advertisers looking for effective engagement with their target demographics.

In August 2025, Deezer (FR) expanded its service offerings by introducing a new subscription tier that includes exclusive content and ad-free listening. This strategic action appears to be a response to the competitive pressures from other streaming services, indicating Deezer's intent to differentiate itself through unique value propositions. By catering to users willing to pay for premium experiences, Deezer (FR) may enhance customer loyalty and retention.

As of November 2025, the competitive trends in the internet radio market are increasingly shaped by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing their service offerings and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adaptability in a rapidly changing market landscape.

Key Companies in the South Korea Internet Radio Market market include

Industry Developments

Recent developments in the South Korea Internet Radio Market have been marked by significant growth and changes. In September 2023, Melon underwent a major interface update aimed at enhancing user experience and engagement as competition intensifies with platforms like Spotify and Apple Music. Naver has been actively integrating artificial intelligence features to personalize listening experiences. The market has also witnessed an ongoing trend of partnerships; in August 2023, AfreecaTV collaborated with various local creators to bolster its content offerings, competing directly with YouTube Music and Deezer. 

Additionally, in July 2023, Kakao's acquisition of a smaller podcast platform strengthened its position in the growing podcast segment, following a similar trend observed in past years where the market has rapidly expanded, with the audience for internet radio nearly doubling from 2021 to 2023, driven by changing media consumption habits influenced by the pandemic. 

The South Korean government has also been supportive of the digital media landscape, facilitating investments in telecom infrastructure, which promotes streaming services across the nation. Overall, the environment remains dynamic as companies adapt to evolving consumer preferences and technological advancements.

Future Outlook

South Korea Internet Radio Market Future Outlook

The internet radio market in South Korea is projected to grow at a 16.3% CAGR from 2024 to 2035, driven by technological advancements and increasing consumer demand.

New opportunities lie in:

  • Development of targeted advertising platforms for niche audiences.
  • Integration of AI-driven content curation for personalized listening experiences.
  • Expansion of subscription-based models to enhance revenue streams.

By 2035, the internet radio market is expected to achieve substantial growth and innovation.

Market Segmentation

South Korea Internet Radio Market Audio Format Outlook

  • MP3
  • OGG
  • WMA
  • RA
  • AAC

South Korea Internet Radio Market Device Support Outlook

  • PC
  • Laptop
  • Tablet
  • Smart Device
  • Others

South Korea Internet Radio Market Advertiser Type Outlook

  • Insurance
  • Travel Airline
  • Hotel & Restaurant
  • Rental Service
  • Consumer Electronics
  • Automotive
  • Financial Service
  • Media & Entertainment
  • Retail Store
  • Food Products
  • Computer & Software
  • Others

South Korea Internet Radio Market Software Media Player Outlook

  • Itunes
  • Windows Media Players
  • Winamp
  • Spider Player
  • Others

Report Scope

MARKET SIZE 2024 112.0(USD Million)
MARKET SIZE 2025 130.26(USD Million)
MARKET SIZE 2035 589.76(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 16.3% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Spotify (SE), Pandora (US), iHeartMedia (US), TuneIn (US), SiriusXM (US), Radio.com (US), Deezer (FR), SoundCloud (DE), AccuRadio (US)
Segments Covered Software Media Player, Audio Format, Device Support, Advertiser Type
Key Market Opportunities Integration of advanced streaming technologies enhances user engagement in the internet radio market.
Key Market Dynamics Rising consumer preference for personalized content drives competition among internet radio platforms in South Korea.
Countries Covered South Korea

Leave a Comment

FAQs

What is the projected market size of the South Korea Internet Radio Market in 2024?

The South Korea Internet Radio Market is projected to be valued at 120.0 million USD in 2024.

How much is the South Korea Internet Radio Market expected to grow by 2035?

By 2035, the South Korea Internet Radio Market is expected to reach a valuation of 600.0 million USD.

What is the expected CAGR for the South Korea Internet Radio Market from 2025 to 2035?

The expected CAGR for the South Korea Internet Radio Market from 2025 to 2035 is 15.756%.

Which media player segment holds the highest market value in 2024?

In 2024, the 'Others' segment of media players is valued at 40.0 million USD, making it the highest in market value.

What is the market size for iTunes in the South Korea Internet Radio Market by 2035?

The market size for iTunes in the South Korea Internet Radio Market is projected to be 120.0 million USD by 2035.

Who are the major players in the South Korea Internet Radio Market?

Key players in the market include Bugs, Melon, Naver, Kakao, SoundCloud, YouTube Music, and Apple Music.

What is the projected market size for Windows Media Players in 2024?

The market size for Windows Media Players in 2024 is projected to be 25.0 million USD.

What opportunity does the South Korea Internet Radio Market present to investors?

The growing popularity of internet radio and increased digital content consumption present significant opportunities for investors.

What challenges might affect the growth of the South Korea Internet Radio Market?

Challenges such as intense competition and regulatory changes may impact the growth of the market.

How does the South Korea Internet Radio Market's growth intersect with emerging trends?

The growth of the South Korea Internet Radio Market is supported by trends like personalized content and increased user engagement.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions