Euromonitor International
- Item successfully added to cart!
  
  Your cart is empty
  
  View Cart Check Out

Country Report

Credit Card Transactions in

Credit Cards in South Korea

Nov 2019

US$990

Add to cart Pay by invoice

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!

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

Micro-payments by credit cards intensifying in South Korea

As more consumers use credit cards, the value of such transactions grows strongly in South Korea. According to the Bank of Korea, spending per transaction keeps falling in 2019.

Increasing e-commerce will drive further credit card growth

E-commerce value sales are still increasing significantly in South Korea. As consumers can easily make payments with their credit cards through most online shopping sites, the total value of credit card transactions increased significantly.

Fintech operators set to launch credit cards

Digital-only bank Kakao Bank plans to issue credit cards in November 2019 for the first time, having been able to only issue debit cards in South Korea thus far. In addition, wire transfer fintech company Toss has also announced that it will issue credit cards in late 2019.

COMPETITIVE LANDSCAPE

Shinhan Card continues to lead by developing various types of cards for each customer group

Shinhan Card Co continued to lead credit cards in 2019. It ensures its leading position by developing targeted products for each customer group’s needs and actively developing its mobile app to provide an online transaction service in South Korea.

Travel becomes a key industry for credit card issuers

As travel becomes a very important business area, the number of outbound travellers is increasing rapidly in South Korea, and most operators are actively developing and launching their products to target these areas. Standard Chartered’s flight mileage credit cards have become a big hit as they provide greater benefits with a reasonable annual fee.

Commercial credit card highly depends on government regulation

The commercial credit card market highly relies on government legislation in South Korea as one of the main uses for commercial credit cards is to pay corporate tax. Many commercial credit card players used to promote by providing cashback benefits when corporations pay tax with their credit cards, however the South Korean government has limited such promotion as it is considered a way to avoid paying tax.

Files are delivered directly into your account within a few minutes of purchase.

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.

SAMPLES

FAQS ABOUT SAMPLES

Delivery Method

Instant download.

Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in South Korea?
What are the major operators and issuers in South Korea?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

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

Euromonitor’s industry reports, including Credit Card Transactions in South Korea, originate from our database within our Consumer Finance market share and market size database

Want to find out more about this report?

Request more information

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

Micro-payments by credit cards intensifying in South Korea

Increasing e-commerce will drive further credit card growth

Fintech operators set to launch credit cards

COMPETITIVE LANDSCAPE

Shinhan Card continues to lead by developing various types of cards for each customer group

Travel becomes a key industry for credit card issuers

Commercial credit card highly depends on government regulation

CATEGORY DATA

Table 1 Commercial Credit Cards in Circulation: % Growth 2014-2019
Table 2 Commercial Credit Cards Transactions: % Growth 2014-2019
Table 3 Personal Credit Cards: Number of Cards in Circulation 2014-2019
Table 4 Personal Credit Cards Transactions 2014-2019
Table 5 Personal Credit Cards in Circulation: % Growth 2014-2019
Table 6 Personal Credit Cards Transactions: % Growth 2014-2019
Table 7 Credit Cards: Number of Cards by Issuer 2014-2018
Table 8 Credit Cards: Number of Cards by Operator 2014-2018
Table 9 Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 10 Credit Cards Payment Transaction Value by Operator 2014-2018
Table 11 Commercial Credit Cards: Number of Cards by Issuer 2014-2018
Table 12 Commercial Credit Cards: Number of Cards by Operator 2014-2018
Table 13 Commercial Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 14 Commercial Credit Cards Payment Transaction Value by Operator 2014-2018
Table 15 Personal Credit Cards: Number of Cards by Issuer 2014-2018
Table 16 Personal Credit Cards: Number of Cards by Operator 2014-2018
Table 17 Personal Credit Cards Payment Transaction Value by Issuer 2014-2018
Table 18 Personal Credit Cards Payment Transaction Value by Operator 2014-2018
Table 19 Forecast Credit Cards: Number of Cards in Circulation 2019-2024
Table 20 Forecast Credit Cards Transactions 2019-2024
Table 21 Forecast Credit Cards in Circulation: % Growth 2019-2024
Table 22 Forecast Credit Cards Transactions: % Growth 2019-2024
Table 23 Forecast Commercial Credit Cards: Number of Cards in Circulation 2019-2024
Table 24 Forecast Commercial Credit Cards Transactions 2019-2024
Table 25 Forecast Commercial Credit Cards in Circulation: % Growth 2019-2024
Table 26 Forecast Commercial Credit Cards Transactions: % Growth 2019-2024
Table 27 Forecast Personal Credit Cards: Number of Cards in Circulation 2019-2024
Table 28 Forecast Personal Credit Cards Transactions 2019-2024
Table 29 Forecast Personal Credit Cards in Circulation: % Growth 2019-2024
Table 30 Forecast Personal Credit Cards Transactions: % Growth 2019-2024

Debit Cards in South Korea - Category analysis

Debit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Financial cards dominate payment industry in South Korea, with debit cards growing rapidly

Payment via mobile sees great potential

Two online banks are enjoying contrasting fortunes

COMPETITIVE LANDSCAPE

Issuers of debit cards launch more targeted marketing

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

CATEGORY DATA

Table 31 Debit Cards: Number of Cards in Circulation 2014-2019
Table 32 Debit Cards Transactions 2014-2019
Table 33 Debit Cards in Circulation: % Growth 2014-2019
Table 34 Debit Cards Transactions: % Growth 2014-2019
Table 35 Debit Cards: Number of Cards by Issuer 2014-2018
Table 36 Debit Cards: Number of Cards by Operator 2014-2018
Table 37 Debit Cards Payment Transaction Value by Issuer 2014-2018
Table 38 Debit Cards Payment Transaction Value by Operator 2014-2018
Table 39 Forecast Debit Cards: Number of Cards in Circulation 2019-2024
Table 40 Forecast Debit Cards Transactions 2019-2024
Table 41 Forecast Debit Cards in Circulation: % Growth 2019-2024
Table 42 Forecast Debit Cards Transactions: % Growth 2019-2024

Pre-Paid Cards in South Korea - Category analysis

Pre-Paid Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Open loop pre-paid cards losing popularity

Closed loop pre-paid cards are also facing difficulties

COMPETITIVE LANDSCAPE

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

Digital wallet pre-paid function is the next step

CATEGORY DATA

Table 43 Pre-paid Cards: Number of Cards in Circulation 2014-2019
Table 44 Pre-paid Cards Transactions 2014-2019
Table 45 Pre-paid Cards in Circulation: % Growth 2014-2019
Table 46 Pre-paid Cards Transactions: % Growth 2014-2019
Table 47 Closed Loop Pre-paid Cards Transactions 2014-2019
Table 48 Closed Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 49 Open Loop Pre-paid Cards Transactions 2014-2019
Table 50 Open Loop Pre-paid Cards Transactions: % Growth 2014-2019
Table 51 Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 52 Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 53 Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 54 Pre-paid Cards Transaction Value by Operator 2014-2018
Table 55 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 56 Closed Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 57 Closed Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 58 Closed Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 59 Open Loop Pre-paid Cards: Number of Cards by Issuer 2014-2018
Table 60 Open Loop Pre-paid Cards: Number of Cards by Operator 2014-2018
Table 61 Open Loop Pre-paid Cards Transaction Value by Issuer 2014-2018
Table 62 Open Loop Pre-paid Cards Transaction Value by Operator 2014-2018
Table 63 Forecast Pre-paid Cards: Number of Cards in Circulation 2019-2024
Table 64 Forecast Pre-paid Cards Transactions 2019-2024
Table 65 Forecast Pre-paid Cards in Circulation: % Growth 2019-2024
Table 66 Forecast Pre-paid Cards Transactions: % Growth 2019-2024
Table 67 Forecast Closed Loop Pre-paid Cards Transactions 2019-2024
Table 68 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2019-2024
Table 69 Forecast Open Loop Pre-paid Cards Transactions 2019-2024
Table 70 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2019-2024

Store Cards in South Korea - Category analysis

Store Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Store cards grow with department stores

Store cards targets more affluent consumers

COMPETITIVE LANDSCAPE

Hyundai Department Store Co continues with strong lead

Credit cards companies’ competitive offering enjoys more popularity

CATEGORY DATA

Table 71 Store Cards: Number of Cards in Circulation 2014-2019
Table 72 Store Cards Transactions 2014-2019
Table 73 Store Cards in Circulation: % Growth 2014-2019
Table 74 Store Cards Transactions: % Growth 2014-2019
Table 75 Store Cards: Number of Cards by Issuer 2014-2018
Table 76 Store Cards: Payment Transaction Value by Issuer 2014-2018
Table 77 Forecast Store Cards: Number of Cards in Circulation 2019-2024
Table 78 Forecast Store Cards Transactions 2019-2024
Table 79 Forecast Store Cards in Circulation: % Growth 2019-2024
Table 80 Forecast Store Cards Transactions: % Growth 2019-2024

Financial Cards and Payments in South Korea - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments shows strong growth towards cashless society

Simple payment platforms see greater opportunities

Debit cards expected to grow faster

Shinhan Card remains market leader

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

MARKET INDICATORS

Table 81 Number of POS Terminals: Units 2014-2019
Table 82 Number of ATMs: Units 2014-2019
Table 83 Value Lost to Fraud 2014-2019
Table 84 Card Expenditure by Location 2019
Table 85 Financial Cards in Circulation by Type: % Number of Cards 2014-2019
Table 86 Domestic versus Foreign Spend 2019

MARKET DATA

Table 87 Financial Cards by Category: Number of Cards in Circulation 2014-2019
Table 88 Financial Cards by Category: Number of Accounts 2014-2019
Table 89 Financial Cards Transactions by Category: Value 2014-2019
Table 90 Financial Cards by Category: Number of Transactions 2014-2019
Table 91 Consumer Payments by Category: Value 2014-2019
Table 92 Consumer Payments by Category: Number of Transactions 2014-2019
Table 93 M-Commerce by Category: Value 2014-2019
Table 94 M-Commerce by Category: % Value Growth 2014-2019
Table 95 Financial Cards: Number of Cards by Issuer 2014-2018
Table 96 Financial Cards: Number of Cards by Operator 2014-2018
Table 97 Financial Cards: Card Payment Transactions Value by Operator 2014-2018
Table 98 Financial Cards: Card Payment Transactions Value by Issuer 2014-2018
Table 99 Forecast Financial Cards by Category: Number of Cards in Circulation 2019-2024
Table 100 Forecast Financial Cards by Category: Number of Accounts 2019-2024
Table 101 Forecast Financial Cards Transactions by Category: Value 2019-2024
Table 102 Forecast Financial Cards by Category: Number of Transactions 2019-2024
Table 103 Forecast Consumer Payments by Category: Value 2019-2024
Table 104 Forecast Consumer Payments by Category: Number of Transactions 2019-2024
Table 105 Forecast M-Commerce by Category: Value 2019-2024
Table 106 Forecast M-Commerce by Category: % Value Growth 2019-2024

Megatrends

Country Report

Credit Cards in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Micro-payments by credit cards intensifying in South Korea

Increasing e-commerce will drive further credit card growth

Fintech operators set to launch credit cards

COMPETITIVE LANDSCAPE

Shinhan Card continues to lead by developing various types of cards for each customer group

Travel becomes a key industry for credit card issuers

Commercial credit card highly depends on government regulation

Overview

Why buy this report?

SAMPLES

Delivery Method

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

Micro-payments by credit cards intensifying in South Korea

Increasing e-commerce will drive further credit card growth

Fintech operators set to launch credit cards

COMPETITIVE LANDSCAPE

Shinhan Card continues to lead by developing various types of cards for each customer group

Travel becomes a key industry for credit card issuers

Commercial credit card highly depends on government regulation

CATEGORY DATA

Debit Cards in South Korea - Category analysis

Debit Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Financial cards dominate payment industry in South Korea, with debit cards growing rapidly

Payment via mobile sees great potential

Two online banks are enjoying contrasting fortunes

COMPETITIVE LANDSCAPE

Issuers of debit cards launch more targeted marketing

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

CATEGORY DATA

Pre-Paid Cards in South Korea - Category analysis

Pre-Paid Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Open loop pre-paid cards losing popularity

Closed loop pre-paid cards are also facing difficulties

COMPETITIVE LANDSCAPE

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

Digital wallet pre-paid function is the next step

CATEGORY DATA

Store Cards in South Korea - Category analysis

Store Cards in South Korea - Company Profile

HEADLINES

PROSPECTS

Store cards grow with department stores

Store cards targets more affluent consumers

COMPETITIVE LANDSCAPE

Hyundai Department Store Co continues with strong lead

Credit cards companies’ competitive offering enjoys more popularity

CATEGORY DATA

Financial Cards and Payments in South Korea - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments shows strong growth towards cashless society

Simple payment platforms see greater opportunities

Debit cards expected to grow faster

Shinhan Card remains market leader

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

MARKET INDICATORS

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?