The number of ATMs per hundred thousand persons in South Korea has seen a steady decline from 288.59 units in 2013 to 249.98 units in 2023. The variations over the past five years show a consistent downward trend, with a year-on-year decrease of roughly 1.3% and a CAGR of -1.31% by 2023. Forecasts predict this trend to persist, albeit at a slower rate, with a projected 5-year CAGR of -0.38% and an estimated value of 243.3 units by 2028.
Future trends to watch for include the increasing adoption of digital banking services, which could further reduce the demand for physical ATMs, and potential policy changes aimed at preserving the presence of ATMs in rural areas to ensure financial inclusivity.
