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Country Report

Credit Card Transactions in

Credit Cards in South Korea

23 pages, Oct 2017

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Aggressive product launches and promotions to support growth of credit cards

As credit cards are more profitable for operators than debit cards, there was an aggressive focus on the former. Targeted marketing was a very effective activity in terms of capturing specific customer groups.

Increasing online shopping will drive credit card growth

Online shopping value sales increased significantly over the review period. As consumers can easily make payments with their credit cards through most online shopping sites, the total value of credit card transactions increased significantly.

The trend towards micropayments intensifies in South Korea

As more consumers use credit cards, the value of such transactions grew strongly in South Korea. According to the Bank of Korea, spending per transaction fell over the period 2011-2016.

COMPETITIVE LANDSCAPE

Shinhan Card Co leads credit cards by developing various types of cards for each customer group

Shinhan Card Co continued to lead credit cards in 2016. It ensured its leading position by developing targeted products for each customer’s needs and wants in South Korea.

Credit card operators look towards shopping and travel industries

As shopping and travel become very important business areas, most operators are actively developing and launching their products to target these areas. Shinhan Card Co made a strategic alliance with Hana Tour Co and provided up to a 10% discount through its credit cards.

Diversification to increase

With cards, customers can get extra points or more discounts through 18 major online shopping sites. As more operators focus on specific business areas and segmented groups in South Korea, there will be more diversification in terms of the credit cards launched.

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Overview

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Charge Cards in South Korea - Category analysis

Charge Cards in South Korea - Company Profile

PROSPECTS

Credit Cards in South Korea - Category analysis

Credit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Aggressive product launches and promotions to support growth of credit cards

Increasing online shopping will drive credit card growth

The trend towards micropayments intensifies in South Korea

COMPETITIVE LANDSCAPE

Shinhan Card Co leads credit cards by developing various types of cards for each customer group

Credit card operators look towards shopping and travel industries

Diversification to increase

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2012-2017
Table 2 Credit Cards Transactions 2012-2017
Table 3 Credit Cards in Circulation: % Growth 2012-2017
Table 4 Credit Cards Transactions: % Growth 2012-2017
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2012-2017
Table 6 Commercial Credit Cards Transactions 2012-2017
Table 7 Commercial Credit Cards in Circulation: % Growth 2012-2017
Table 8 Commercial Credit Cards Transactions: % Growth 2012-2017
Table 9 Personal Credit Cards: Number of Cards in Circulation 2012-2017
Table 10 Personal Credit Cards Transactions 2012-2017
Table 11 Personal Credit Cards in Circulation: % Growth 2012-2017
Table 12 Personal Credit Cards Transactions: % Growth 2012-2017
Table 13 Credit Cards: Number of Cards by Issuer 2012-2016
Table 14 Credit Cards: Number of Cards by Operator 2012-2016
Table 15 Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 16 Credit Cards Payment Transaction Value by Operator 2012-2016
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2012-2016
Table 18 Commercial Credit Cards: Number of Cards by Operator 2012-2016
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2012-2016
Table 21 Personal Credit Cards: Number of Cards by Issuer 2012-2016
Table 22 Personal Credit Cards: Number of Cards by Operator 2012-2016
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2012-2016
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2012-2016
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2017-2022
Table 26 Forecast Credit Cards Transactions 2017-2022
Table 27 Forecast Credit Cards in Circulation: % Growth 2017-2022
Table 28 Forecast Credit Cards Transactions: % Growth 2017-2022
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2017-2022
Table 30 Forecast Commercial Credit Cards Transactions 2017-2022
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2017-2022
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2017-2022
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2017-2022
Table 34 Forecast Personal Credit Cards Transactions 2017-2022
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2017-2022
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2017-2022

Debit Cards in South Korea - Category analysis

Debit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Government regulations spur debit cards growth

Simple payment platforms see greater acceptance

Travel is a key spending motivator for debit cards

COMPETITIVE LANDSCAPE

NongHyup Bank continues to lead debit cards due to its attractive interest scheme

Issuers of debit cards launch more-targeted marketing

Shinhan Card Co launches a new debit card

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2012-2017
Table 38 Debit Cards Transactions 2012-2017
Table 39 Debit Cards in Circulation: % Growth 2012-2017
Table 40 Debit Cards Transactions: % Growth 2012-2017
Table 41 Debit Cards: Number of Cards by Issuer 2012-2016
Table 42 Debit Cards: Number of Cards by Operator 2012-2016
Table 43 Debit Cards Payment Transaction Value by Issuer 2012-2016
Table 44 Debit Cards Payment Transaction Value by Operator 2012-2016
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2017-2022
Table 46 Forecast Debit Cards Transactions 2017-2022
Table 47 Forecast Debit Cards in Circulation: % Growth 2017-2022
Table 48 Forecast Debit Cards Transactions: % Growth 2017-2022

Pre-Paid Cards in South Korea - Category analysis

Pre-Paid Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Closed loop pre-paid cards to show continued growth due to the increase in cards with multiple functions

Open loop pre-paid cards negatively affected by a decrease in Chinese tourists and an investigation into the leading operator

COMPETITIVE LANDSCAPE

Korea Smart Card Co dominates through increased business scope and compatibility with other financial cards

Korea Expressway Corp closing in on the gap but still far behind

T-money to continue to dominate

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2012-2017
Table 50 Pre-paid Cards Transactions 2012-2017
Table 51 Pre-paid Cards in Circulation: % Growth 2012-2017
Table 52 Pre-paid Cards Transactions: % Growth 2012-2017
Table 53 Closed Loop Pre-paid Cards Transactions 2012-2017
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 55 Open Loop Pre-paid Cards Transactions 2012-2017
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2012-2017
Table 57 Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 58 Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 59 Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 60 Pre-paid Cards Transaction Value by Operator 2012-2016
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 65 Open Loop Pre-paid Cards: Number of Cards by Issuer 2012-2016
Table 66 Open Loop Pre-paid Cards: Number of Cards by Operator 2012-2016
Table 67 Open Loop Pre-paid Cards Transaction Value by Issuer 2012-2016
Table 68 Open Loop Pre-paid Cards Transaction Value by Operator 2012-2016
Table 69 Forecast Pre-paid Cards: Number of Cards in Circulation 2017-2022
Table 70 Forecast Pre-paid Cards Transactions 2017-2022
Table 71 Forecast Pre-paid Cards in Circulation: % Growth 2017-2022
Table 72 Forecast Pre-paid Cards Transactions: % Growth 2017-2022
Table 73 Forecast Closed Loop Pre-paid Cards Transactions 2017-2022
Table 74 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2017-2022
Table 75 Forecast Open Loop Pre-paid Cards Transactions 2017-2022
Table 76 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2017-2022

Store Cards in South Korea - Category analysis

Store Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Store cards grow along with the development of department stores

Advancement in technology will draw more consumers into using store cards

COMPETITIVE LANDSCAPE

Hyundai Department Store Co continues with a strong lead

Focus on internet retailing

Galleria Department Store Co to play catch up

CATEGORY DATA

Table 77 Store Cards: Number of Cards in Circulation 2012-2017
Table 78 Store Cards Transactions 2012-2017
Table 79 Store Cards in Circulation: % Growth 2012-2017
Table 80 Store Cards Transactions: % Growth 2012-2017
Table 81 Store Cards: Number of Cards by Issuer 2012-2016
Table 82 Store Cards: Payment Transaction Value by Issuer 2012-2016
Table 83 Forecast Store Cards: Number of Cards in Circulation 2017-2022
Table 84 Forecast Store Cards Transactions 2017-2022
Table 85 Forecast Store Cards in Circulation: % Growth 2017-2022
Table 86 Forecast Store Cards Transactions: % Growth 2017-2022

Financial Cards and Payments in South Korea - Industry Overview

EXECUTIVE SUMMARY

Overall financial cards and payments records a positive performance

Debit cards continues to be the fastest growing

Shinhan Card Co remains the leader within financial cards

Simple payment platforms gain high adoption

Financial cards and payments to post stable growth over the forecast period

MARKET INDICATORS

Table 87 Number of POS Terminals: Units 2012-2017
Table 88 Number of ATMs: Units 2012-2017
Table 89 Value Lost to Fraud 2012-2017
Table 90 Card Expenditure by Location 2017
Table 91 Financial Cards in Circulation by Type: % Number of Cards 2012-2017
Table 92 Domestic versus Foreign Spend 2017

MARKET DATA

Table 93 Financial Cards by Category: Number of Cards in Circulation 2012-2017
Table 94 Financial Cards by Category: Number of Accounts 2012-2017
Table 95 Financial Cards Transactions by Category: Value 2012-2017
Table 96 Financial Cards by Category: Number of Transactions 2012-2017
Table 97 Consumer Payments by Category: Value 2012-2017
Table 98 Consumer Payments by Category: Number of Transactions 2012-2017
Table 99 M-Commerce by Category: Value 2013-2017
Table 100 M-Commerce by Category: % Value Growth 2013-2017
Table 101 Financial Cards: Number of Cards by Issuer 2012-2016
Table 102 Financial Cards: Number of Cards by Operator 2012-2016
Table 103 Financial Cards: Card Payment Transactions Value by Operator 2012-2016
Table 104 Financial Cards: Card Payment Transactions Value by Issuer 2012-2016
Table 105 Forecast Financial Cards by Category: Number of Cards in Circulation 2017-2022
Table 106 Forecast Financial Cards by Category: Number of Accounts 2017-2022
Table 107 Forecast Financial Cards Transactions by Category: Value 2017-2022
Table 108 Forecast Financial Cards by Category: Number of Transactions 2017-2022
Table 109 Forecast Consumer Payments by Category: Value 2017-2022
Table 110 Forecast Consumer Payments by Category: Number of Transactions 2017-2022
Table 111 Forecast M-Commerce by Category: Value 2017-2022
Table 112 Forecast M-Commerce by Category: % Value Growth 2017-2022

Megatrends

Country Report

Credit Cards in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Aggressive product launches and promotions to support growth of credit cards

Increasing online shopping will drive credit card growth

The trend towards micropayments intensifies in South Korea

COMPETITIVE LANDSCAPE

Shinhan Card Co leads credit cards by developing various types of cards for each customer group

Credit card operators look towards shopping and travel industries

Diversification to increase

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in South Korea - Category analysis

Charge Cards in South Korea - Company Profile

PROSPECTS

Credit Cards in South Korea - Category analysis

Credit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Aggressive product launches and promotions to support growth of credit cards

Increasing online shopping will drive credit card growth

The trend towards micropayments intensifies in South Korea

COMPETITIVE LANDSCAPE

Shinhan Card Co leads credit cards by developing various types of cards for each customer group

Credit card operators look towards shopping and travel industries

Diversification to increase

CATEGORY DATA

Debit Cards in South Korea - Category analysis

Debit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Government regulations spur debit cards growth

Simple payment platforms see greater acceptance

Travel is a key spending motivator for debit cards

COMPETITIVE LANDSCAPE

NongHyup Bank continues to lead debit cards due to its attractive interest scheme

Issuers of debit cards launch more-targeted marketing

Shinhan Card Co launches a new debit card

CATEGORY DATA

Pre-Paid Cards in South Korea - Category analysis

Pre-Paid Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Closed loop pre-paid cards to show continued growth due to the increase in cards with multiple functions

Open loop pre-paid cards negatively affected by a decrease in Chinese tourists and an investigation into the leading operator

COMPETITIVE LANDSCAPE

Korea Smart Card Co dominates through increased business scope and compatibility with other financial cards

Korea Expressway Corp closing in on the gap but still far behind

T-money to continue to dominate

CATEGORY DATA

Store Cards in South Korea - Category analysis

Store Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Store cards grow along with the development of department stores

Advancement in technology will draw more consumers into using store cards

COMPETITIVE LANDSCAPE

Hyundai Department Store Co continues with a strong lead

Focus on internet retailing

Galleria Department Store Co to play catch up

CATEGORY DATA

Financial Cards and Payments in South Korea - Industry Overview

EXECUTIVE SUMMARY

Overall financial cards and payments records a positive performance

Debit cards continues to be the fastest growing

Shinhan Card Co remains the leader within financial cards

Simple payment platforms gain high adoption

Financial cards and payments to post stable growth over the forecast period

MARKET INDICATORS

MARKET DATA

SOURCES

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