B2B drives market demand, with B2B spending representing 83.0% of total demand in 2022. Shinhan Financial Group Co Ltd is the largest company in South Korea, generating 16.3% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 43.5% of total production value in 2022. The total number of companies increases in 2022, to 74,925 units. The costs of the industry decrease by 5.4% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 36.9% of turnover in 2022, the 14th highest regionally. With turnover of USD119 billion, South Korea accounts for 5.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in South Korea: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in South Korea: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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