South Korean Payment Card Market
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With the rising popularity of electronic banking and stupendous growth in information and technology, the number of payment cards (debit, credit, check and prepaid cards) has surged in South Korea. Per capita payment card issuance in the country has reached the second highest level in the world after the US. Each person in South Korea has on an average 3.8 cards, trailing only the US with 5.3 cards, says a new research report “South Korean Payment Card Market” by RNCOS, a leading research firm.
Despite a deep economic slump, the uses of bank cards are expected to grow at rapid pace owing to the enhancement of various benefits and expansion of scope available for settlements. Among all cards, the uses of check cards are expected to record the sharpest increase at a CAGR of over 36% during 2009-2013. On the other hand, debit cards are expected to show downtrend during the period. With no risk involved, prepaid cards are also anticipated to show significant growth in future.
Our report provides extensive research and in-depth analysis on the South Korean Payment Card Market. It focuses on the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical to the success of a new entrant in the South Korean Payment Card Market. It also answers other critical questions like what are other payment instruments beside cards and what is share of cards in overall payment settlement market.
Our research provides forecast (2009-2013) on
The report also throws a light on the competitive landscape of the South Korean Payment card industry, giving business overview of several prominent players in the industry, including Samsung Card Co. Ltd., Shinhan Card Co. Ltd., LG Card Co. Ltd. and Lotte Card Co. Ltd.
Multi-User License: US$ 1000.00
Hard Copy: US$ 600.00
CD-ROM: US$ 600.00
With the rising popularity of electronic banking and stupendous growth in information and technology, the number of payment cards (debit, credit, check and prepaid cards) has surged in South Korea. Per capita payment card issuance in the country has reached the second highest level in the world after the US. Each person in South Korea has on an average 3.8 cards, trailing only the US with 5.3 cards, says a new research report “South Korean Payment Card Market” by RNCOS, a leading research firm.
Despite a deep economic slump, the uses of bank cards are expected to grow at rapid pace owing to the enhancement of various benefits and expansion of scope available for settlements. Among all cards, the uses of check cards are expected to record the sharpest increase at a CAGR of over 36% during 2009-2013. On the other hand, debit cards are expected to show downtrend during the period. With no risk involved, prepaid cards are also anticipated to show significant growth in future.
Our report provides extensive research and in-depth analysis on the South Korean Payment Card Market. It focuses on the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical to the success of a new entrant in the South Korean Payment Card Market. It also answers other critical questions like what are other payment instruments beside cards and what is share of cards in overall payment settlement market.
Our research provides forecast (2009-2013) on
- Check Cards
- Credit Cards
- Prepaid Cards
- Debit Cards
The report also throws a light on the competitive landscape of the South Korean Payment card industry, giving business overview of several prominent players in the industry, including Samsung Card Co. Ltd., Shinhan Card Co. Ltd., LG Card Co. Ltd. and Lotte Card Co. Ltd.
1. ANALYST VIEW
2. MACROECONOMIC ENVIRONMENT
3. MARKET OVERVIEW
4. CURRENT PERFORMANCE AND FUTURE OUTLOOK TO 2013
4.1 Check Cards
4.2 Credit Cards
4.3 Prepaid Cards
4.4 Debit Cards
5. MARKET TRENDS
5.1 Trading Services
5.2 Online Shopping
5.3 Market Acceptance
5.4 Overseas Spending
5.5 High Credit Card Debt
5.6 Dropping Delinquency Ratio
6. KEY PLAYERS
6.1 Samsung Card Co. Ltd.
6.2 Shinhan Card Co. Ltd.
6.3 LG Card Co. Ltd.
6.4 Lotte Card Co. Ltd.
2. MACROECONOMIC ENVIRONMENT
3. MARKET OVERVIEW
4. CURRENT PERFORMANCE AND FUTURE OUTLOOK TO 2013
4.1 Check Cards
4.2 Credit Cards
4.3 Prepaid Cards
4.4 Debit Cards
5. MARKET TRENDS
5.1 Trading Services
5.2 Online Shopping
5.3 Market Acceptance
5.4 Overseas Spending
5.5 High Credit Card Debt
5.6 Dropping Delinquency Ratio
6. KEY PLAYERS
6.1 Samsung Card Co. Ltd.
6.2 Shinhan Card Co. Ltd.
6.3 LG Card Co. Ltd.
6.4 Lotte Card Co. Ltd.
LIST OF FIGURES:
Figure 2-1: Real GDP Growth (%), 2008-2013
Figure 2-2: Per Head Disposable Income (US$), 2008-2013
Figure 2-3: Population (Million), 2008-2013
Figure 3-1: Share of Cards in Average Daily Settlement Value (2008)
Figure 4-1: Average Daily Use of Check Cards (Billion Won), 2007 & 2008
Figure 4-2: Number of Check Cards Issued (Million), 2007 & 2008
Figure 4-3: Forecast for Number of Check Cards Issued (Million), 2009-2013
Figure 4-4: Average Daily Use of Credit Cards (Billion Won), 2006-2008
Figure 4-5: Forecast for Average Daily Use of Credit Cards (Billion Won), 2009-2013
Figure 4-6: Number of Credit Cards Issued (Million), 2007 & 2008
Figure 4-7: Number of Merchants Accepting Credit Cards (Million), 2007 & 2008
Figure 4-8: Average Daily Use of Prepaid Cards (Billion Won), 2007 & 2008
Figure 4-9: Forecast for Average Daily Use of Prepaid Cards (Billion Won), 2009-2013
Figure 4-10: Average Daily Debit Cards Transaction (Numbers), 2007 & 2008
Figure 4-11: Forecast for Average Daily Debit Cards Transaction (Numbers), 2009-2013
Figure 5-1: Overseas Credit Card Spending (Billion US$), 2005 & 2006
Figure 5-2: Number of Credit Delinquents (Million), 2002-H1 2007
Figure 2-1: Real GDP Growth (%), 2008-2013
Figure 2-2: Per Head Disposable Income (US$), 2008-2013
Figure 2-3: Population (Million), 2008-2013
Figure 3-1: Share of Cards in Average Daily Settlement Value (2008)
Figure 4-1: Average Daily Use of Check Cards (Billion Won), 2007 & 2008
Figure 4-2: Number of Check Cards Issued (Million), 2007 & 2008
Figure 4-3: Forecast for Number of Check Cards Issued (Million), 2009-2013
Figure 4-4: Average Daily Use of Credit Cards (Billion Won), 2006-2008
Figure 4-5: Forecast for Average Daily Use of Credit Cards (Billion Won), 2009-2013
Figure 4-6: Number of Credit Cards Issued (Million), 2007 & 2008
Figure 4-7: Number of Merchants Accepting Credit Cards (Million), 2007 & 2008
Figure 4-8: Average Daily Use of Prepaid Cards (Billion Won), 2007 & 2008
Figure 4-9: Forecast for Average Daily Use of Prepaid Cards (Billion Won), 2009-2013
Figure 4-10: Average Daily Debit Cards Transaction (Numbers), 2007 & 2008
Figure 4-11: Forecast for Average Daily Debit Cards Transaction (Numbers), 2009-2013
Figure 5-1: Overseas Credit Card Spending (Billion US$), 2005 & 2006
Figure 5-2: Number of Credit Delinquents (Million), 2002-H1 2007
LIST OF TABLES:
Table 3-1: Average Daily Settlement Value by Payment Instrument (Billion Won), 2006-2008
Table 3-2: Average Daily Settlement Transactions by Payment Instrument (‘000), 2006-2008
Table 4-1: Average Daily Use of Credit Cards by Segment (Billion Won), 2007 & 2008
Table 5-1: Probability for Choice of Payment Instrument by Age Group (%)
Table 3-1: Average Daily Settlement Value by Payment Instrument (Billion Won), 2006-2008
Table 3-2: Average Daily Settlement Transactions by Payment Instrument (‘000), 2006-2008
Table 4-1: Average Daily Use of Credit Cards by Segment (Billion Won), 2007 & 2008
Table 5-1: Probability for Choice of Payment Instrument by Age Group (%)
