Product Code: ETC4405584 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 26 | |
The human capital management (HCM) market in South Korea is evolving rapidly as organizations seek efficient ways to manage their workforce. Solutions that encompass recruitment, talent management, employee engagement, and performance management are in high demand. The market growth is fueled by the need for businesses to optimize their human resources and adapt to changing workforce dynamics.
The increasing focus on workforce optimization and talent management strategies is driving growth in South Korea`s human capital management (HCM) market. HCM software solutions encompassing recruitment, payroll, performance management, and training are essential for improving employee productivity and organizational efficiency. Market drivers include digital transformation initiatives fostering remote work capabilities and HR automation, regulatory compliance requirements enhancing data security and employee privacy measures, and business strategies prioritizing employee engagement and talent development, driving market expansion across HR services and technology sectors.
The human capital management (HCM) market in South Korea encounters challenges such as workforce digitalization and talent retention strategies. Market dynamics driven by labor market competitiveness and employee engagement influence demand for cloud-based HCM solutions. Moreover, regulatory compliance with labor laws and data protection regulations impact market strategies and HR technology adoption in the evolving HCM industry.
The South Korean government supports the human capital management (HCM) market through policies aimed at improving workforce productivity and organizational efficiency. Regulations ensure the quality and security of HCM solutions, and the government provides financial incentives for companies adopting advanced HCM technologies. There are also initiatives to promote best practices in talent management and employee development, enhancing the overall competitiveness of South Korean businesses.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Human Capital Management Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Human Capital Management Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Human Capital Management Market - Industry Life Cycle |
3.4 South Korea Human Capital Management Market - Porter's Five Forces |
3.5 South Korea Human Capital Management Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 South Korea Human Capital Management Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
3.7 South Korea Human Capital Management Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.8 South Korea Human Capital Management Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 South Korea Human Capital Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of cloud-based human capital management solutions in South Korea |
4.2.2 Growing emphasis on talent management and employee engagement |
4.2.3 Government initiatives to enhance workforce productivity and skills development |
4.3 Market Restraints |
4.3.1 High initial implementation costs for advanced human capital management systems |
4.3.2 Lack of awareness and understanding about the benefits of integrated HCM solutions |
5 South Korea Human Capital Management Market Trends |
6 South Korea Human Capital Management Market, By Types |
6.1 South Korea Human Capital Management Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 South Korea Human Capital Management Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 South Korea Human Capital Management Market Revenues & Volume, By Software , 2021-2031F |
6.1.4 South Korea Human Capital Management Market Revenues & Volume, By Services, 2021-2031F |
6.2 South Korea Human Capital Management Market, By Organization Size |
6.2.1 Overview and Analysis |
6.2.2 South Korea Human Capital Management Market Revenues & Volume, By SMEs, 2021-2031F |
6.2.3 South Korea Human Capital Management Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.3 South Korea Human Capital Management Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 South Korea Human Capital Management Market Revenues & Volume, By On-Premises, 2021-2031F |
6.3.3 South Korea Human Capital Management Market Revenues & Volume, By Cloud, 2021-2031F |
6.4 South Korea Human Capital Management Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 South Korea Human Capital Management Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021-2031F |
6.4.3 South Korea Human Capital Management Market Revenues & Volume, By Government, 2021-2031F |
6.4.4 South Korea Human Capital Management Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 South Korea Human Capital Management Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.4.6 South Korea Human Capital Management Market Revenues & Volume, By Consumer Goods and Retail, 2021-2031F |
6.4.7 South Korea Human Capital Management Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.4.8 South Korea Human Capital Management Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
6.4.9 South Korea Human Capital Management Market Revenues & Volume, By Transportation and Logistics, 2021-2031F |
7 South Korea Human Capital Management Market Import-Export Trade Statistics |
7.1 South Korea Human Capital Management Market Export to Major Countries |
7.2 South Korea Human Capital Management Market Imports from Major Countries |
8 South Korea Human Capital Management Market Key Performance Indicators |
8.1 Employee retention rate |
8.2 Employee satisfaction score |
8.3 Training and development participation rate |
9 South Korea Human Capital Management Market - Opportunity Assessment |
9.1 South Korea Human Capital Management Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 South Korea Human Capital Management Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
9.3 South Korea Human Capital Management Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
9.4 South Korea Human Capital Management Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 South Korea Human Capital Management Market - Competitive Landscape |
10.1 South Korea Human Capital Management Market Revenue Share, By Companies, 2024 |
10.2 South Korea Human Capital Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |