Payments in Asia-Pacific: Focus on Korea : Market Research Report

Payments in Asia-Pacific: Focus on Korea

Published by: TowerGroup

Published: Aug. 1, 2004 - 12 Pages

TowerGroup Take-Aways
Report Coverage
Overview: Exhibit 1: Korea Overview (2004); Exhibit 2: Value and Volume of Payments in Korea (2003); Exhibit 3: Decline in Paper-Based Payments in Korea (1998-2003)
Checks: Exhibit 4: Breakout of Checks in Korea (2003); Exhibit 5: Use of Checks and Bills in Korea (1996-2004P)
Cards: Exhibit 6: Use of Credit Cards in Korea (2003)
Direct Debits: Exhibit 7: Payments by Direct Debit in Korea (1998-2004P)
Credit Transfers: Exhibit 8: Payments by Credit Transfer in Korea (1999-2003); Exhibit 9: Retail Payments in Korea (1998-2003)
Summary

Abstract

The "Asian Tiger" economies of Southeast Asia may have slowed somewhat in recent years but that has not meant an end to their ongoing prosperity and development. Korea, as one of the newly industrialized countries, has undergone tremendous changes in a relatively short period of time. These changes have extended to Korea's payments system. This report examines Korea's retail payments system and is a continuation of a series of reports on payments in the Asia-Pacific economies.

In this report, "Korea" is used to refer to what is commonly referred to as "South Korea," or, more formally, the Republic of Korea.

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Payments in Asia-Pacific: Focus on Korea

Table of Contents

Abstract