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Korean Language Learning Market Size

  • Report ID: GMI9597
  • Published Date: May 2024
  • Report Format: PDF

Korean Language Learning Market Size

Korean Language Learning Market was valued at over USD 5.5 billion in 2023 and is anticipated to grow at a CAGR of over 20% between 2024 & 2032. With the growing trend toward Korean language proficiency, educational institutions and language learning centers worldwide are offering more Korean language courses & programs. This includes traditional classroom-based instruction, online courses, language exchange programs, and immersion experiences, catering to learners of all ages & proficiency levels.

 

For instance, in April 2023, Visang Education unveiled interactive classroom system (ICS) an AI-powered interactive classroom system for elementary, middle, and high schools. Teachers and students can conduct interactive classes on a tablet with an electronic blackboard-based classroom environment using the ICS, which provides class setting tools, collaborative class activity tools, real-time diagnosis & evaluation tools, and AI data analysis tools to collect and analyze data for each student. It is compatible with the learning management system (LMS) and content management system (CMS) already implemented in institutions.

 

The Korean language learning sector refers to the industry that provides resources, services, and opportunities for individuals & groups who are interested in learning the Korean language. This market encompasses a wide range of stakeholders including language schools, online platforms, educational institutions, publishers, app developers, tutors, and cultural organizations, among others. The korean language learning industry reflects the growing demand for language skills driven by cultural interest, economic opportunities, globalization, and internationalization. It encompasses a diverse array of resources and services tailored to meet the needs & preferences of learners seeking to gain proficiency in the Korean language.

 

The global fascination with Korean culture including K-pop, dramas, and movies has undoubtedly played a significant role in sparking interest in the Korean language. While this cultural wave has introduced many to the language, an overemphasis on pop culture trends can also pose certain challenges and potentially restrain the Korean language learning industry growth. Learners drawn to the language primarily through pop culture may focus more on slang, idioms, and phrases specific to entertainment content, potentially neglecting the broader & more formal aspects of the language necessary for proficiency in diverse contexts. This narrow focus can limit their ability to communicate effectively in other settings such as formal or business environments. As a result, learners may find themselves ill-prepared for a broad range of real-life situations, diminishing the perceived utility and value of their language skills.

 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for korean language learning crossed USD 5.5 billion in 2023 and is expected to register over 20% CAGR from 2024-2032 owing to the growing trend toward Korean language proficiency, educational institutions and language learning centers worldwide.

Korean language learning industry from the online learning segment held over 60% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing acceptance of e-learning solutions in corporate training programs and educational institutions.

Asia Pacific industry held over 50% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the proliferation of online and mobile learning platforms in the region.

Ewha Womans University Language Education Institute, Hanyang University, Rosetta Stone LLC., SNU Language Education Institute (Seoul National University), Visang Education Inc, and Yonsei University Korean Language Institute, are some of the major Korean language learning companies worldwide.

Korean Language Learning Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 220
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