Credit Cards in South Korea

Credit Cards in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). 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 sector.

– The South Korean credit cards sector had total balances outstanding of $81.6bn in 2018, representing a compound annual growth rate (CAGR) of 10.5% between 2014 and 2018.

– A series of interest rate cuts in South Korea in recent years, in a bid to spur economic growth, has stimulated demand for credit.

– Due to the positive correlation between household disposable income and the credit card sector, as well as the confidence consumers feel over their own economic power, value for credit cards has risen by 40% since 2015.

Scope

– 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

Reasons to buy

- What was the size of the South Korea credit cards market by value in 2018?

- What will be the size of the South Korea credit cards market in 2023?

- 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

Woori Bank

Table of Contents

Table of Contents

Executive Summary

Market value

Market value forecast

Geography segmentation

Market rivalry

Market Overview

Market definition

Market analysis

Market Data

Market value

Market Segmentation

Geography segmentation

Market Outlook

Market value forecast

Five Forces Analysis

Summary

Buyer power

Supplier power

New entrants

Threat of substitutes

Degree of rivalry

Leading Companies

Hana Financial Group Inc.

KB Financial Group Inc.

Shinhan Financial Group Co Ltd

Woori Bank

Macroeconomic Indicators

Country data

Methodology

Industry associations

Related MarketLine research

Appendix

About MarketLine

List of Tables

List of Tables

Table 1: South Korea credit cards market value: $ billion, 2014-18

Table 2: South Korea credit cards market geography segmentation: $ billion, 2018

Table 3: South Korea credit cards market value forecast: $ billion, 2018-23

Table 4: Hana Financial Group Inc.: key facts

Table 5: Hana Financial Group Inc.: key financials ($)

Table 6: Hana Financial Group Inc.: key financials ($)

Table 7: Hana Financial Group Inc.: key financial ratios

Table 8: KB Financial Group Inc.: key facts

Table 9: KB Financial Group Inc.: key financials ($)

Table 10: KB Financial Group Inc.: key financials ($)

Table 11: KB Financial Group Inc.: key financial ratios

Table 12: Shinhan Financial Group Co Ltd: key facts

Table 13: Shinhan Financial Group Co Ltd: key financials ($)

Table 14: Shinhan Financial Group Co Ltd: key financials ($)

Table 15: Shinhan Financial Group Co Ltd: key financial ratios

Table 16: Woori Bank: key facts

Table 17: South Korea size of population (million), 2014-18

Table 18: South Korea gdp (constant 2005 prices, $ billion), 2014-18

Table 19: South Korea gdp (current prices, $ billion), 2014-18

Table 20: South Korea inflation, 2014-18

Table 21: South Korea consumer price index (absolute), 2014-18

Table 22: South Korea exchange rate, 2014-17

List of Figures

List of Figures

Figure 1: South Korea credit cards market value: $ billion, 2014-18

Figure 2: South Korea credit cards market geography segmentation: % share, by value, 2018

Figure 3: South Korea credit cards market value forecast: $ billion, 2018-23

Figure 4: Forces driving competition in the credit cards market in South Korea, 2018

Figure 5: Drivers of buyer power in the credit cards market in South Korea, 2018

Figure 6: Drivers of supplier power in the credit cards market in South Korea, 2018

Figure 7: Factors influencing the likelihood of new entrants in the credit cards market in South Korea, 2018

Figure 8: Factors influencing the threat of substitutes in the credit cards market in South Korea, 2018

Figure 9: Drivers of degree of rivalry in the credit cards market in South Korea, 2018

Figure 10: Hana Financial Group Inc.: revenues & profitability

Figure 11: Hana Financial Group Inc.: assets & liabilities

Figure 12: KB Financial Group Inc.: revenues & profitability

Figure 13: KB Financial Group Inc.: assets & liabilities

Figure 14: Shinhan Financial Group Co Ltd: revenues & profitability

Figure 15: Shinhan Financial Group Co Ltd: assets & liabilities

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