Domestic Weather Industry Sales Surpass 500 Billion KRW...208 Billion KRW Increase from Previous Year

by Lee Hyeonjoo

Published 05 Nov.2020 10:00(KST)

Provided by Korea Meteorological Administration

[Asia Economy Reporter Hyunju Lee] Sales in the weather-related industry sector reached 502.3 billion KRW last year, an increase of 20.8 billion KRW (4.3%) compared to the previous year.

The Korea Meteorological Administration (KMA) conducted and announced the results of the "Weather Industry Status Survey" reflecting this data. This survey was a full census of 702 weather-related businesses across 17 cities and provinces nationwide from June to September this year.

Specifically, the growth in weather-related broadcasting and information services was notable. With the increase in development and supply of weather-related software, sales rose by 19.8% compared to the previous year. The number of regular employees in the weather industry also increased by 2.4% to a total of 2,822.

Exports in the weather industry sector amounted to 12.151 billion KRW, up 10.9% from the previous year. This increase was due to higher export volumes in the manufacturing and wholesale of weather instruments, devices, and related products.

Park Kwang-seok, Administrator of the Korea Meteorological Administration, stated, "We will expand the weather industry market by strengthening business support systems by sector."