Banks in South Korea

Banks in South Korea
Summary

Banks in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
• The South Korean banks industry group recorded assets of $4,658.7 billion in 2023, representing a compound annual growth rate (CAGR) of 7.4% between 2018 and 2023.
• The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $2,651.4 billion, equivalent to 56.9% of the industry group's overall value.
• In 2023, the revenue of the South Korean banks industry group witnessed an annual growth of 5.3% due to the rise in demand for mortgage loans.

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in South Korea
• Leading company profiles reveal details of key banks market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea banks market with five year forecasts

• What was the size of the South Korea banks market by value in 2023?
• What will be the size of the South Korea banks market in 2028?
• What factors are affecting the strength of competition in the South Korea banks market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's banks market?