A new report released by the Korea Creative Content Agency has shown that companies owning or providing products to mass media in Korea grew by more than the global average in 2015.

According to the agency's 2016 report released on Sunday, the size of Korea’s contents market was estimated at around 52 billion U.S. dollars as of 2015, up by six-point-one percent from a year earlier, despite an overall recession.

The global contents market grew by five-point-five percent during the same period to one-point-892 trillion dollars.

South Korea had the second fastest growing contents market among the ten major countries, only trailing China, which grew eleven-point-four percent between 2014 and 2015. 

The U.S. came in third with a growth of five-point-one percent, followed by France with four-point-four percent, the U.K. with four-point-three percent and Canada with four-point-one percent.

In terms of the size of the market, the U.S. contents market dominated the other countries with 701 billion dollars, while China and Japan followed in a distant second and third with 176 billion dollars and 160 billion dollars.

South Korea had the seventh largest contents market, behind the U.K., Germany and France.