Banking in South Korea

April 2026 | 45 pages | ID: B8703750C0BEN
MarketLine

Abstracts

Summary

Banking in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total assets held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
• The South Korean banking industry recorded assets of $4,071.4 billion in 2025, representing a compound annual growth rate (CAGR) of 2.7% between 2020 and 2025.
• The bank credit segment accounted for the industry's largest proportion in 2025, with total assets of $2,776.9 billion, equivalent to 68.2% of the industry's overall value.
• The South Korean banking industry growth during 2020-25 is driven by the expanding economy, which has fueled the demand for credit, deposits, and other banking services. Economic expansion has increased the need for loans for investment, business growth, and consumer spending, resulting in higher bank revenues.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banking market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banking market in South Korea
• Leading company profiles reveal details of key banking market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea banking market with five year forecasts

Reasons to Buy

• What was the size of the South Korea banking market by value in 2025?
• What will be the size of the South Korea banking market in 2030?
• What factors are affecting the strength of competition in the South Korea banking market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's banking market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis
2.3. Regulatory landscape

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What have been the most recent industry developments?

8 COMPANY PROFILES

8.1. Shinhan Financial Group Co Ltd
8.2. Hana Financial Group Inc
8.3. Woori Financial Group Inc
8.4. KB Kookmin Bank

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: South Korea banking industry value: $ billion, 2020-25
Table 2: South Korea banking industry category segmentation: % share, by value, 2020-25
Table 3: South Korea banking industry category segmentation: $ billion, 2020-25
Table 4: South Korea banking industry geography segmentation: $ billion, 2025
Table 5: South Korea banking industry value forecast: $ billion, 2025-30
Table 6: South Korea banking industry share: % share, by value, 2025
Table 7: Shinhan Financial Group Co Ltd: Key Facts
Table 8: Shinhan Financial Group Co Ltd: Annual Financial Ratios
Table 9: Shinhan Financial Group Co Ltd: Key Employees
Table 10: Hana Financial Group Inc: Key Facts
Table 11: Hana Financial Group Inc: Annual Financial Ratios
Table 12: Hana Financial Group Inc: Key Employees
Table 13: Hana Financial Group Inc: Key Employees Continued
Table 14: Woori Financial Group Inc: Key Facts
Table 15: Woori Financial Group Inc: Annual Financial Ratios
Table 16: Woori Financial Group Inc: Key Employees
Table 17: KB Kookmin Bank: Key Facts
Table 18: South Korea Size of Population (Million), 2021-25
Table 19: South Korea Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 20: South Korea GDP (Current Prices, $ Billion), 2021-25
Table 21: South Korea Inflation, 2021-25
Table 22: South Korea Consumer Price Index (Absolute), 2021-25
Table 23: South Korea Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: South Korea banking industry value: $ billion, 2020-25
Figure 2: South Korea banking industry category segmentation: $ billion, 2020-25
Figure 3: South Korea banking industry geography segmentation: % share, by value, 2025
Figure 4: South Korea banking industry value forecast: $ billion, 2025-30
Figure 5: Forces driving competition in the banking industry in South Korea, 2025
Figure 6: Drivers of buyer power in the banking industry in South Korea, 2025
Figure 7: Drivers of supplier power in the banking industry in South Korea, 2025
Figure 8: Factors influencing the likelihood of new entrants in the banking industry in South Korea, 2025
Figure 9: Factors influencing the threat of substitutes in the banking industry in South Korea, 2025
Figure 10: Drivers of degree of rivalry in the banking industry in South Korea, 2025
Figure 11: South Korea banking industry share: % share, by value, 2025