Credit Cards in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

March 2021 | 44 pages | ID: C114A76B1CD4EN
MarketLine

Abstracts

Credit Cards in South Korea - Market @Summary, Competitive Analysis and Forecast to 2025

SUMMARY

Credit Cards in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS

• The credit cards profile covers the consumer credit cards market.
• The South Korean credit cards sector had total balances outstanding of $86.6bn in 2020, representing a compound annual growth rate (CAGR) of 8.1% between 2016 and 2020.
• Sector consumption volume increased with a CAGR of 9.8% between 2016 and 2020, to reach a total of 15.4 billion number of credit card transactions in 2020.
• The high penetration and use of credit cards in South Korea is a result of benefits provided by banks and credit card issuers, as well as friendly government regulations that provide income tax benefits on payments made using credit cards.

SCOPE

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

REASONS TO BUY

• What was the size of the South Korea credit cards market by value in 2020?
• What will be the size of the South Korea credit cards market in 2025?
• What factors are affecting the strength of competition in the South Korea credit cards market?
• How has the market performed over the last five years?
• Who are the top competitiors in South Korea's credit cards market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume 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. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths/weaknesses of the leading players?
7.4. What are the main challengers to the incumbents?
7.5. How have leading players reacted to the COVID-19 pandemic?

8 COMPANY PROFILES

8.1. Hana Financial Group Inc
8.2. KB Financial Group Inc
8.3. Shinhan Financial Group Co Ltd
8.4. Samsung Card Co Ltd

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 credit cards market value: $ billion, 2016-20
Table 2: South Korea credit cards market volume: million number of credit card transactions, 2016-20
Table 3: South Korea credit cards market geography segmentation: $ billion, 2020
Table 4: South Korea credit cards market value forecast: $ billion, 2020-25
Table 5: South Korea credit cards market volume forecast: million number of credit card transactions, 2020-25
Table 6: Hana Financial Group Inc: key facts
Table 7: Hana Financial Group Inc: Annual Financial Ratios
Table 8: Hana Financial Group Inc: Key Employees
Table 9: Hana Financial Group Inc: Key Employees Continued
Table 10: KB Financial Group Inc: key facts
Table 11: KB Financial Group Inc: Annual Financial Ratios
Table 12: KB Financial Group Inc: Key Employees
Table 13: KB Financial Group Inc: Key Employees Continued
Table 14: Shinhan Financial Group Co Ltd: key facts
Table 15: Shinhan Financial Group Co Ltd: Annual Financial Ratios
Table 16: Shinhan Financial Group Co Ltd: Key Employees
Table 17: Shinhan Financial Group Co Ltd: Key Employees Continued
Table 18: Samsung Card Co Ltd: key facts
Table 19: Samsung Card Co Ltd: Annual Financial Ratios
Table 20: Samsung Card Co Ltd: Key Employees
Table 21: South Korea size of population (million), 2016-20
Table 22: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 23: South Korea gdp (current prices, $ billion), 2016-20
Table 24: South Korea inflation, 2016-20
Table 25: South Korea consumer price index (absolute), 2016-20
Table 26: South Korea exchange rate, 2016-20

List Of Figures

LIST OF FIGURES

Figure 1: South Korea credit cards market value: $ billion, 2016-20
Figure 2: South Korea credit cards market volume: million number of credit card transactions, 2016-20
Figure 3: South Korea credit cards market geography segmentation: % share, by value, 2020
Figure 4: South Korea credit cards market value forecast: $ billion, 2020-25
Figure 5: South Korea credit cards market volume forecast: million number of credit card transactions, 2020-25
Figure 6: Forces driving competition in the credit cards market in South Korea, 2020
Figure 7: Drivers of buyer power in the credit cards market in South Korea, 2020
Figure 8: Drivers of supplier power in the credit cards market in South Korea, 2020
Figure 9: Factors influencing the likelihood of new entrants in the credit cards market in South Korea, 2020
Figure 10: Factors influencing the threat of substitutes in the credit cards market in South Korea, 2020
Figure 11: Drivers of degree of rivalry in the credit cards market in South Korea, 2020