South Korea Banks Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.
• The South Korean banks industry group had total assets of $3,960.2 billion in 2022, representing a compound annual growth rate (CAGR) of 8.7% between 2017 and 2022.
• The bank credit segment accounted for the industry group's largest proportion in 2022, with total assets of $2,292.1 billion, equivalent to 57.9% of the industry group's overall value.
• The South Korean banks industry group has expanded recently owing to several factors, such as a robust regulatory framework, a growing economy, increasing interest rates, and a highly skilled labor population. According to in-house research, the real GDP annual growth of South Korea stood at 2.6% in 2022.

Scope

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

Reasons to Buy

• What was the size of the South Korea banks market by value in 2022?
• What will be the size of the South Korea banks market in 2027?
• What factors are affecting the strength of competition in the South Korea banks market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's banks market?