South Korea Credit Cards - Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Credit Cards in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The credit cards profile covers the consumer credit cards market.
- The South Korean credit cards sector had total balances outstanding of $92.5 billion in 2021, representing a compound annual growth rate (CAGR) of 7.2% between 2016 and 2021.
- Sector consumption volume increased with a CAGR of 5.4% between 2016 and 2021, to reach a total of 14.7 billion credit card transactions in 2021.
- The high penetration and use of credit cards is a result of the benefits provided by banks and credit card issuers, as well as friendly government regulations.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit cards market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in South Korea
- Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea credit cards market with five year forecasts by both value and volume
- What was the size of the South Korea credit cards market by value in 2021?
- What will be the size of the South Korea credit cards market in 2026?
- What factors are affecting the strength of competition in the South Korea credit cards market?
- How has the market performed over the last five years?
- How large is South Korea’s credit cards market in relation to its regional counterparts?
Companies Mentioned
Hana Financial Group Inc
KB Financial Group Inc
Shinhan Financial Group Co Ltd
Samsung Card Co Ltd
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market rivalry
- 1.7. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths/weaknesses of the leading players?
- 7.4. What are the main challengers to the incumbents?
- 7.5. How have leading players reacted to the COVID-19 pandemic?
- 8 Company Profiles
- 8.1. Hana Financial Group Inc
- 8.2. KB Financial Group Inc
- 8.3. Shinhan Financial Group Co Ltd
- 8.4. Samsung Card Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea credit cards market value: $ billion, 2017–21
- Table 2: South Korea credit cards market volume: million number of credit card transactions, 2017–21
- Table 3: South Korea credit cards market geography segmentation: $ billion, 2021
- Table 4: South Korea credit cards market value forecast: $ billion, 2021–26
- Table 5: South Korea credit cards market volume forecast: million number of credit card transactions, 2021–26
- Table 6: Hana Financial Group Inc: key facts
- Table 7: Hana Financial Group Inc: Annual Financial Ratios
- Table 8: Hana Financial Group Inc: Key Employees
- Table 9: Hana Financial Group Inc: Key Employees Continued
- Table 10: KB Financial Group Inc: key facts
- Table 11: KB Financial Group Inc: Annual Financial Ratios
- Table 12: KB Financial Group Inc: Key Employees
- Table 13: KB Financial Group Inc: Key Employees Continued
- Table 14: Shinhan Financial Group Co Ltd: key facts
- Table 15: Shinhan Financial Group Co Ltd: Annual Financial Ratios
- Table 16: Shinhan Financial Group Co Ltd: Key Employees
- Table 17: Shinhan Financial Group Co Ltd: Key Employees Continued
- Table 18: Samsung Card Co Ltd: key facts
- Table 19: Samsung Card Co Ltd: Annual Financial Ratios
- Table 20: Samsung Card Co Ltd: Key Employees
- Table 21: South Korea size of population (million), 2017–21
- Table 22: South Korea gdp (constant 2005 prices, $ billion), 2017–21
- Table 23: South Korea gdp (current prices, $ billion), 2017–21
- Table 24: South Korea inflation, 2017–21
- Table 25: South Korea consumer price index (absolute), 2017–21
- Table 26: South Korea exchange rate, 2017–21
- List of Figures
- Figure 1: South Korea credit cards market value: $ billion, 2017–21
- Figure 2: South Korea credit cards market volume: million number of credit card transactions, 2017–21
- Figure 3: South Korea credit cards market geography segmentation: % share, by value, 2021
- Figure 4: South Korea credit cards market value forecast: $ billion, 2021–26
- Figure 5: South Korea credit cards market volume forecast: million number of credit card transactions, 2021–26
- Figure 6: Forces driving competition in the credit cards market in South Korea, 2021
- Figure 7: Drivers of buyer power in the credit cards market in South Korea, 2021
- Figure 8: Drivers of supplier power in the credit cards market in South Korea, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in South Korea, 2021
- Figure 10: Factors influencing the threat of substitutes in the credit cards market in South Korea, 2021
- Figure 11: Drivers of degree of rivalry in the credit cards market in South Korea, 2021
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