South Korea predictions for 2024
Read 10 predictions about South Korea in 2024, a year that will see this country experience significant change in its politics, economics, technology, culture, and environment. It’s your future, discover what you’re in for.
Quantumrun Foresight prepared this list; A trend intelligence consulting firm that uses strategic foresight to help companies thrive from future trends in foresight. This is just one of many possible futures society may experience.
International relations predictions for South Korea in 2024
International relations predictions to impact South Korea in 2024 include:
Politics predictions for South Korea in 2024
Politics related predictions to impact South Korea in 2024 include:
Government predictions for South Korea in 2024
Government related predictions to impact South Korea in 2024 include:
- South Korea pilots a central bank digital currency (CBDC) involving 100,000 citizens by the end of the year. Likelihood: 65 percent.1
- South Korea doubles the limit on tax refunds for foreign tourists starting in January. Likelihood: 75 percent.1
- The Minimum Wage Commission increases the hourly minimum wage to 9,860 won (US$7.80), up 2.5% from 2023. Likelihood: 75 percent.1
- The government allows 165,000 foreign workers to enter on non-professional work visas, the highest number ever. Likelihood: 75 percent.1
Economy predictions for South Korea in 2024
Economy related predictions to impact South Korea in 2024 include:
- South Korean stock markets offer the highest potential earnings growth in Asia-Pacific as its semiconductor sector recovers from steep profit declines. Likelihood: 65 percent.1
- The South Korean e-cigarette market expands to $3.5 billion this year, up from $874.3 million in 2018. Likelihood: 100 percent1
- The worth of assets under Seoul’s pension service management increases the total to over 1,000 trillion won by this year, up from over 700 trillion won (US$600 billion) in 2019. Likelihood: 80 percent1
Technology predictions for South Korea in 2024
Technology related predictions to impact South Korea in 2024 include:
- South Korea builds the country’s first “smart city” in the southern port city of Busan this year, where all infrastructure facilities are maintained and controlled based on big data collected through Internet-of-Things sensors. Likelihood: 80 percent1
- South Korea puts an all-electric car ferry on waters by this year. Likelihood: 100 percent1
Culture predictions for South Korea in 2024
Culture related predictions to impact South Korea in 2024 include:
- The government of Seoul opens the country’s first K-pop arena in northern Seoul this year to attract more foreign tourists. Likelihood: 90 percent1
Defense predictions for in 2024
Defense related predictions to impact South Korea in 2024 include:
Infrastructure predictions for South Korea in 2024
Infrastructure related predictions to impact South Korea in 2024 include:
Environment predictions for South Korea in 2024
Environment related predictions to impact South Korea in 2024 include:
Science predictions for South Korea in 2024
Science related predictions to impact South Korea in 2024 include:
Health predictions for South Korea in 2024
Health related predictions to impact South Korea in 2024 include:
More predictions from 2024
Read the top global predictions from 2024 - click here
Next scheduled update for this resource page
January 7, 2022. Last updated January 7, 2020.
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