Domestic Spatial Information Industry Revenue Approaches 10 Trillion Won... Clear Growth Trend

Current Status of Major Industry Scale Related to Spatial Information (Data Provided by the Ministry of Land, Infrastructure and Transport)

The domestic spatial information industry has shown continuous growth since 2013, with sales approaching 10 trillion won and the number of employees expanding to around 67,000.

On the 5th, the Ministry of Land, Infrastructure and Transport announced that as of 2020, the spatial information industry’s sales volume reached 9.7691 trillion won, an increase of 430.1 billion won (4.6%) compared to the previous year. Operating profit margin and net profit margin were 7.0% and 5.8%, respectively.

Growth was particularly notable in the spatial information-related publishing and information services sector (17.7%). This is interpreted as an effect of increased convergence and utilization of spatial information across various fields such as smart farms, VR content, and disaster safety consulting.

On the other hand, sales in spatial information-related wholesale (-5.9%) and spatial information-related associations and organizations (-51.5%) declined. This was due to reduced face-to-face sales activities caused by COVID-19 and a decrease in orders from airline clients.

The number of employees in the spatial information industry reached 67,740, an increase of 2,384 (3.6%) compared to the previous year. Over the past eight years, 24,946 jobs have been created, confirming a significant contribution to job creation.

The number of spatial information businesses was 5,595, maintaining a similar scale with an increase of 6 businesses (0.1%) compared to the previous year. The number of businesses in software development and supply increased by 1.8%, while businesses in online information provision (-3.8%) and research and development (-2.9%) decreased.

By scale, businesses with sales under 1 billion won accounted for 60.9% (3,408 businesses), and businesses with fewer than 10 employees accounted for 60.4% (3,377 businesses), indicating that small-scale companies still hold a high proportion.

Kang Ju-yeop, Director of the Land Information Policy Bureau at the Ministry of Land, Infrastructure and Transport, emphasized, "The spatial information industry needs to be a key focus for development as a core foundational industry in the upcoming Fourth Industrial Revolution era," adding, "We will concentrate policy capabilities to achieve a higher level of qualitative growth together in the future."

This content was produced with the assistance of AI translation services.