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Credit Cards in South Korea

Publisher MarketLine
Published Nov 06, 2025
Length 38 Pages
SKU # MTLN20768250

Description

Credit Cards in South Korea

Summary

Credit Cards in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • A credit card is a financial product provided by a bank or financial institution that enables the cardholder to borrow money up to an established credit limit for making purchases or withdrawing cash. The cardholder must repay the borrowed amount, either in full or over time, with interest and fees applied if the balance is not settled by the due date. The market scope covers the consumer credit cards market.
  • The South Korean credit cards sector recorded balances outstanding of $92.5 billion in 2024, representing a compound annual growth rate (CAGR) of 6.1% between 2019 and 2024.
  • Sector consumption volume increased with a CAGR of 5.1% between 2019 and 2024, reaching a total of 19.0 billion transactions in 2024.
  • South Korea accounted for a share of 5.9% of the Asia-Pacific credit cards sector in 2024.
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
Reasons to Buy
  • What was the size of the South Korea credit cards market by value in 2024?
  • What will be the size of the South Korea credit cards market in 2029?
  • 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?
  • What are the main segments that make up South Korea's credit cards market?

Table of Contents

38 Pages
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 recent developments in the market?
8 Company Profiles
8.1. KB Kookmin Card Co Ltd
8.2. Hyundai Card Co Ltd
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
Table 1: South Korea credit cards sector value: $ billion, 2019-24
Table 2: South Korea credit cards sector volume: million number of transactions, 2019-24
Table 3: South Korea credit cards sector geography segmentation: $ billion, 2024
Table 4: South Korea credit cards sector value forecast: $ billion, 2024-29
Table 5: South Korea credit cards sector volume forecast: million number of transactions, 2024-29
Table 6: KB Kookmin Card Co Ltd: Key Facts
Table 7: KB Kookmin Card Co Ltd: Key Employees
Table 8: Hyundai Card Co Ltd: Key Facts
Table 9: Hyundai Card Co Ltd: Key Employees
Table 10: Shinhan Financial Group Co Ltd: Key Facts
Table 11: Shinhan Financial Group Co Ltd: Annual Financial Ratios
Table 12: Shinhan Financial Group Co Ltd: Key Employees
Table 13: Samsung Card Co Ltd: Key Facts
Table 14: Samsung Card Co Ltd: Annual Financial Ratios
Table 15: Samsung Card Co Ltd: Key Employees
Table 16: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea credit cards sector value: $ billion, 2019-24
Figure 2: South Korea credit cards sector volume: million number of transactions, 2019-24
Figure 3: South Korea credit cards sector geography segmentation: % share, by value, 2024
Figure 4: South Korea credit cards sector value forecast: $ billion, 2024-29
Figure 5: South Korea credit cards sector volume forecast: million number of transactions, 2024-29
Figure 6: Forces driving competition in the credit cards sector in South Korea, 2024
Figure 7: Drivers of buyer power in the credit cards sector in South Korea, 2024
Figure 8: Drivers of supplier power in the credit cards sector in South Korea, 2024
Figure 9: Factors influencing the likelihood of new entrants in the credit cards sector in South Korea, 2024
Figure 10: Factors influencing the threat of substitutes in the credit cards sector in South Korea, 2024
Figure 11: Drivers of degree of rivalry in the credit cards sector in South Korea, 2024

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