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South Korea

Cards, Payments & Consumer Banking

Author: Lafferty Research

Publishing date: July 2018

A comprehensive overview of the cards, payments and consumer banking market in South Korea.

Sou th Korea Research Summary Highlights

  • A rapidly ageing population, low birth rate, and high youth unemployment is of great concern to the government as the poverty rate amongst the elderly rises and public finances continue to be strained.
  • South Korea's household debt rose to a new record in 2017, even as the government tightened lending terms to cool the property market.
  • Economic growth seems to be slowing due to falling domestic consumption and decreasing exports.
  • With the home market saturated and revenue from MSCs limited, Korea's big banks are diversifying their financial products and seeking new markets.
  • Domestic card issuers are seeking to expand the functionality of domestic use-only cards to enable foreign use to cut costs paid to international card companies.
  • Given that Korea is one of the most technologically advanced nations in the world with an already robust e-commerce market, it is expected that m-commerce will grow rapidly.

Available for 72 markets, Cards & Payments Research Service Country Reports deliver invaluable market and competitor intelligence on payments cards, e-money, acquiring/processing, retail banking, and consumer credit, plus the key demographic and economic trends shaping each market.

A dedicated team of analysts and researchers use both primary and secondary source data, and conduct in-depth interviews with senior industry executives and experts; each report includes over 320 metrics.

EACH REPORT INCLUDES

Credit Cards:
We have industry leading credit card coverage. We detail the past present and future of the industry through our data and commentary, including:

  • Market size split by consumer and commercial credit cards: number of cards, transaction volume, billed volume
  • Profit pool analysis
  • Competitive landscape: networks, issuers

Debit Cards:

  • Market size: number of cards, transaction volume, billed volume
  • Competitive landscape: networks, issuers

Prepaid Cards:

  • Market size: number of cards, transaction volume, billed volume

Merchant Acquiring

  • Competitive Landscape
  • Pricing
  • Processing Relationships

Subscribers can access the report at LaffertyResearch.com. To order your report or to discuss your subscription options, contact us:

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