In 2022, the relaxation of pandemic-related restrictions, including the easing of social distancing rules, heralded a significant shift in local consumers’ behaviour. With a newfound freedom to venture outdoors, a growing number of individuals opted to spend their time in open, public spaces. This shift towards outdoor activities contributed to a notable recovery in consumption patterns. The resurgence in consumer spending was evident in the statistics for credit card usage in South Korea. Notab...
Euromonitor International's Credit Card Transactions in South Korea report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in South Korea
Euromonitor International
November 2023
List Of Contents And Tables
CREDIT CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Increasing use of credit cards since reopening of society
Shinhan Card remains leading local issuer of credit cards
Introduction of Apple Pay in South Korea
PROSPECTS AND OPPORTUNITIES
As demand for travel skyrockets, travel-focused credit cards are being launched