South Korea Footwear Market

South Korea Footwear Market Size Report – In a Glance

As per the survey report on South Korea footwear market, the market is expected to foresee a CAGR value of 5.1% during 2025-2035, and further generate a market size of USD 8.9 billion by the end of 2035. In 2025, the market size was value at USD 5.2 billion revenue.

• The South Korea footwear market’s growth is driven by growing demand for comfortable and versatile footwears.
• KDMI analyst’s growth analysis foresees rising fashion consciousness as the growth drivers for South Korea footwear market.

South Korea Footwear Market Analysis

Footwear refers to garments worn on feet to provide protection against rough ground. Footwears are categorized into open and closed. In open footwears, toe or tips are not fully covered like sandals, slippers, and chappals, while closed footwears are fully enclosed around the foot. The South Korea footwear market growth is driven by the growing demand for comfortable and versatile footwears. Also, the rising adoption of augmented reality (AR) offers immersive shopping experience. The overall revenue in the Textile & other Footwear market is estimated to reach USD 1.18 billion in 2025, growing at a steady rate year-on-year basis. Also, the AR market is estimated to grow at a rate of 31.1% which indicates the growing demand for virtual trial of footwears and other garments. Adidas AG, ASICS Corporation, and Chanel SA are some of the significant participants in the South Korea footwear market.           

South Korea Footwear Market Growth Drivers and Restraints

Growth Drivers

• Rising fashion consciousness and premiumization trends – The South Korean footwear market is influenced by consumers; particularly young adults are highly influenced by K-fashion trends which increases the demand for fashionable and comfortable footwears in the market. K-pop culture is leading the growing demand for stylish, branded, and premium products. Footwears such as sneakers, casuals, athleisure shoes, and limited-edition footwears attract young adults by collaborating with social media influencers, which results in the growth of domestic as well as international brands in the country. Growing awareness about fashion and its importance is emphasizing manufacturers to introduce innovative and stylish products in the market to gain traction and lead the market.
• Growing popularity of health, fitness, and outdoor activities – Footwears play a significant role in contributing to the goal of health, fitness, and outdoor activities by introducing various varieties of footwears, that matches with every outfit and enhance person’s personality. Increasing popularity of outdoor games and activities has led to growing demand for sports shoes, running shoes, and other high-performing footwears with the aim of providing comfort to individual. Also, the changing lifestyle of people due to urbanization has emphasized consumers to invest more in advanced, comfortable footwears and other sportswear brands.

Restraints

• Price sensitivity and intense competition – The South Korea footwear market restraints due to highly competitive market and price-conscious consumers. With the growing demand for advanced, comfortable footwears, the premium and luxury brands offer highly-priced footwears which might not be preferred by price-conscious customers and this impacts the market growth. This price-conscious customers mostly prefer local brands or unbranded footwears which poses as a challenge for global players to sustain market and gain impactful popularity.

South Korea Footwear Market Segmentation

Our experts at KD Market Insights have segmented the South Korea footwear market research report as:

South Korea Footwear Market Competitive Landscape

Some of the significant participants who top the South Korea footwear market share:

• Adidas
• ASICS Corporation
• Authentic Brands Group LLC
• Chanel S.A.
• Fila Holding S.p.A.
• Hermes International SCA
• K2 KOREA Group Co., Ltd.
• Kering SA
• Kumkang Shoe Mfg. Company, Ltd.
• LS Group
• LVMH Moet Hennessy Louis Vuitton SA (LVMH)
• NEPA Co., Ltd.
• New Balance Athletics, Inc.
• Nike, Inc.
• Prada S.p.A.
• Saera Co., Ltd.