The shift comes as the number of smartphone users in Korea surpassed 30 million.
This year’s mobile ad business is expected to reach about 204 billion won ($190 million), about 107 times more than two years ago, when it was just 1.9 billion won.
Hanwha Investment & Securities Co. expects that the mobile ad market will keep growing next year as the number smartphone subscribers is expected to rise.
By Chung Joo-won (joowonc@heraldcorp.com)