The development of sports industry in South Korea, 2009–2016

Abstract

In this study, changes and trends in South Korea’s sports industry were examined to explore the effects of South Korea’s sports industry on the country’s economic growth. To this end, specific topics—such as the definition and characteristics of South Korea’s sports industry, the classification system for the country’s sports industry, and economic implications presented from the examination of the annual status of the country’s sports industry—were analyzed based on the 2009–2016 data that were deemed the output of a concrete analysis on the status of South Korea’s sports industry. As a result, the following conclusion was obtained: Over the review period, the number of business establishments, the number of employees, and domestic sales increased, but exports decreased in South Korea’s sports industry. This indicates the growth of domestic demand during the period. However, the future expansion of export sectors in the country’s exports industry is likely to play a pivotal role in growing its economy further.

Keywords

• sports industry
• south korea’s sport
• sport and economy
• survey of the actual status
• sports policy