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Consumer Credit in South Korea
Nov 2020
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Executive Summary
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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
2020 IMPACT
COVID-19 crisis negatively impacts demand and repayment capacity
Demand for consumer credit in South Korea has been negatively impacted by the impact of the COVID-19 pandemic and consequent economic downturn. As a result of falling consumer confidence, willingness to purchase expensive items with credit is in decline.
Auto loan providers hit particularly hard by crisis
Auto lending in South Korea was hit particularly hard by the COVID-19 outbreak, with sales of new cars crashing throughout the country and demand for loans thus plummeting. Due to a lack of confidence in the future and worsening financial wellbeing, many consumers are postponing investment in new cars.
Support packages from government help boost confidence
In response to the current crisis, the government in South Korea is taking a number of measures in a bid to stimulate demand and support industry players. For example, in order to support auto lending, the government will continue to offer subsidies.
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Overview
Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery
Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in South Korea with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.
The market research report includes:
- Outstanding Balance by Category
- Gross Lending by Category
- Historic values and Five year forecasts
- Robust and transparent market research methodology, conducted in-country
Why buy this report?
- Gain competitive intelligence about the Consumer Credit market
- Track key industry trends and opportunities
Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
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Request more informationTable of Contents
Consumer Credit in South Korea - Category analysis
KEY DATA FINDINGS
2020 IMPACT
COVID-19 crisis negatively impacts demand and repayment capacity
Auto loan providers hit particularly hard by crisis
Support packages from government help boost confidence
RECOVERY AND OPPORTUNITIES
Economic recovery key to supporting future demand
Growing competition puts pressure on lenders to expand their offers
Shift towards digital lending shows no signs of slowing
CATEGORY DATA
Table 1 Consumer Credit: Outstanding Balance by Category: Value 2015-2020Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2015-2020
Table 3 Consumer Credit: Gross Lending by Category: Value 2015-2020
Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2015-2020
Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2020-2025
Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2020-2025
Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2020-2025
Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2020-2025
Consumer Lending in South Korea - Industry Overview
EXECUTIVE SUMMARY
COVID-19 impact on consumer lending
COVID-19 country impact
Impact of crisis on economy results in drop in demand for new loans
Lockdown further drives continued shift to online consumer lending
Government help supports mortgage lenders and repayment capacity
What next for consumer lending?
MARKET DATA
Table 9 Consumer Lending: Outstanding Balance by Category: Value 2015-2020Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2015-2020
Table 11 Consumer Lending: Gross Lending by Category: Value 2015-2020
Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2015-2020
Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2020-2025
Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2020-2025
Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2020-2025
Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2020-2025
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 1 Research SourcesWhy buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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Request more informationComplete Catalogue
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Complete Catalogue
Country Reports
- Consumer Credit in Argentina | Nov 2020
- Consumer Credit in Australia | Nov 2020
- Consumer Credit in Austria | Dec 2020
- Consumer Credit in Brazil | Nov 2020
- Consumer Credit in Canada | Nov 2020
- Consumer Credit in Chile | Jan 2021
- Consumer Credit in China | Nov 2020
- Consumer Credit in Colombia | Nov 2020
- Consumer Credit in Denmark | Nov 2020
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- Consumer Credit in France | Nov 2020
- Consumer Credit in Germany | Nov 2020
- Consumer Credit in Greece | Nov 2020
- Consumer Credit in Hong Kong, China | Nov 2020
- Consumer Credit in Hungary | Nov 2020
- Consumer Credit in India | Nov 2020
- Consumer Credit in Indonesia | Nov 2020
- Consumer Credit in Israel | Dec 2020
- Consumer Credit in Italy | Nov 2020
- Consumer Credit in Japan | Nov 2020
- Consumer Credit in Malaysia | Nov 2020
- Consumer Credit in Mexico | Nov 2020
- Consumer Credit in Morocco | Dec 2020
- Consumer Credit in Nigeria | Dec 2020
- Consumer Credit in Norway | Nov 2020
- Consumer Credit in Peru | Dec 2020
- Consumer Credit in Poland | Nov 2020
- Consumer Credit in Portugal | Nov 2020
- Consumer Credit in Romania | Dec 2020
- Consumer Credit in Russia | Nov 2020
- Consumer Credit in Saudi Arabia | Nov 2020
- Consumer Credit in Singapore | Nov 2020
- Consumer Credit in South Africa | Nov 2020
- Consumer Credit in Spain | Nov 2020
- Consumer Credit in Sweden | Nov 2020
- Consumer Credit in Taiwan | Nov 2020
- Consumer Credit in Thailand | Nov 2020
- Consumer Credit in the Czech Republic | Nov 2020
- Consumer Credit in the Netherlands | Nov 2020
- Consumer Credit in the Philippines | Nov 2020
- Consumer Credit in the United Arab Emirates | Nov 2020
- Consumer Credit in the United Kingdom | Oct 2020
- Consumer Credit in the US | Nov 2020
- Consumer Credit in Turkey | Nov 2020
- Consumer Credit in Ukraine | Dec 2020
- Consumer Credit in Venezuela | Oct 2018
- Consumer Credit in Vietnam | Nov 2020
Strategy Reports
Company Reports
- UnionPay International | Aug 2017