Crisis or Opportunity? Unsecured Consumer Lending Risk in South Korea, Taiwan, and Japan : Market Research Report

Crisis or Opportunity? Unsecured Consumer Lending Risk in South Korea, Taiwan, and Japan

Published by: TowerGroup

Published: Jun. 18, 2007 - 12 Pages

TowerGroup Take-Aways
Report Coverage
Background: Exhibit 1 Demographic, Economic, Communications Data: South Korea, Japan, Taiwan, United States (2005, 2006)
South Korea
Retail Financial Sector Developments
The Development of Payment Cards: Exhibit 2 Volume and Value of Credit and Debit Card Transactions in South Korea (1996-2004)
Credit Culture
The Crisis in Credit Cards
Improved Risk Management
The Future of Unsecured Consumer Lending
Taiwan
Retail Financial Sector Developments
The Development of Payment Cards
Credit Culture
The 2005 Crisis in Credit Cards
Improved Risk Management
The Future of Unsecured Consumer Lending: Exhibit 3 Credit Cards Issued in Taiwan (2005-07)
Japan
Retail Financial Sector Developments
Development of Payment Cards
Developments in Consumer Finance
Credit Culture
The Future of Unsecured Consumer Lending: Exhibit 4 Household Savings as a Percentage of Disposable Income in Japan and the United States (1995-2005)
Improved Risk Management
Embracing Consumer Lending Risk: Winners and Losers
Summary

Abstract

Successful and profitable approaches to risk in consumer lending are about finding the right balance. If too much risk is adopted, a crisis develops, but if too little risk is accepted, opportunity is lost. South Korea, Taiwan, and Japan are at different stages in their approaches to risk, and although each country has adopted risk management measures appropriate to its stage of development, obstacles exist in all three that will continue to restrict future consumer lending opportunities. This TowerGroup Research Note examines the differences between the three lending environments, analyzes their consequences, and deduces the minimum requirements for successful consumer lending.

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Crisis or Opportunity? Unsecured Consumer Lending Risk in South Korea, Taiwan, and Japan

Table of Contents

Abstract