Key Market Indicators
Korean bank accounts are set to hit 57 billion by 2026. This is an increase of 1.6% on average each year since 2021 when the number stood at 51.6 billion. Since 2012, the growth of Korean demand has grown 2.3% each year. In 2021, it was the ninth largest in the world. India overtook it with 51.6 billion accounts. Japan, the United States and Switzerland were the top three countries on the list.
South Korea Banking Market Data and Forecasts
How much will South Korea Banking Market grow to 2026?
More in Banking Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Financial Cards and Payments: Comprehensive Analysis of Leading Banking Innovations
Development in financial technology has revolutionized the operation of financial cards. Plastic cards embedded with chips have enhanced security and speed in the transaction process. Contactless payment methods, such as NFC (Near Field Communication) technology, have cut down transaction time and facilitated seamless payments. Furthermore, the advent of virtual cards,...
Discover more insights -
Consumer Banking: Unveiling User Experience in Electronic Payments and Product Management
The advancement of financial technology has significantly increased the efficiency of customer transactions. In Canada, the user experience in consumer banking, particularly in electronic payment systems, elucidates this impact. Customers appreciate speed, convenience, and security, leading to a greater adoption of electronic payment methods over traditional ones. Further studies confirm...
Discover more insights -
Banking Sector: Analysing Consumer Experiences, Expectations and Technological Influence in the Digital Age
A considerable shift in customer experiences is detectable in the banking sector of Canada. Individual perceptions are influenced heavily by emerging digital technologies that usher in a new era of customer-focused services. Aspects of customer service and satisfaction, previously adorned by human interactivity, are increasingly being satisfied by AI-driven solutions,...
Discover more insights -
Retail Banking: Evaluating Fee Structures in Banks and Credit Unions
Banking institutions and credit unions maintain distinct fee structures for their retail banking services. These structures are significantly influenced by factors such as operational costs, regulatory measures, competitive dynamics, and customer demands. While banks typically charge higher fees to compensate for the cost of providing enhanced services and facilities, credit...
Discover more insights -
Consumer Banking: Unraveling the Thriving Dynamics of Digital Interaction and Engagement
An extraordinary shift is occurring in the consumer banking sector as digital engagement becomes a focal point. Traditional banking models are under immense pressure due to emerging technologies that promote customer self-service. Customers are exhibiting increasing tech-savviness, leading to a trend in favor of online banking, mobile applications, and other...
Discover more insights