Credit Cards in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the South Korea credit cards market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The credit cards profile covers the consumer credit market. The market value reflects consumer credit balances outstanding at the end of the year, accounted for by credit cards and other revolving plans. All currency conversions within this report have been calculated using constant 2013 annual average exchange rates.
The South Korean credit cards sector had total balances outstanding of USD 52.5bn in 2014, representing a compound annual growth rate (CAGR) of 3.8% between 2010 and 2014.
In January 2014, the credit card and personal details of 20 million South Koreans were stolen by a computer contractor working for a company called the Korea Credit Bureau. Such data breaches could damage consumer confidence and potentially lead to a move away from credit card usage on security grounds.
The performance of the sector is forecast to accelerate, with an anticipated CAGR of 9.7% for the five-year period 2014-2019, which is expected to drive the sector to a value of USD 83.2bn by the end of 2019.
Save time carrying out entry-level research by identifying the size, growth, 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
Macroeconomic indicators provide insight into general trends within the South Korea economy
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What was the size of the South Korea credit cards market by value in 2014?
What will be the size of the South Korea credit cards market in 2019?
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?
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