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South Korean Payment Card Market

RNCOS
May 1, 2009
35 Pages - SKU: CICQ2230080

Abstract Table of Contents Search inside this report Related Reports

Countries covered: South Korea

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 forecast given in the report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. The forecast is based on a correlation between past market growth and growth of base drivers.

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.
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
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 (%)

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