South Korea Banks Market, By Types (Bank Credit, Trading Assets, Inter-bank Loans and Cash Assets) and Key Players (Hana Financial Group, NongHyup Bank, Woori, KB Financial Group, and Shinhan) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

  • Product Code:
    RP-ID-10294065
  • Published Date:
    17 Jul 2021
  • Region:
    Global
  • Pages:
    82
  • Category:
    FMCG & Food
  • Publisher:
    Pub-ID-48

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

ccs

Market Overview:

REPORT HIGHLIGHT

The South Korea banks market was valued at USD 2,819.0 billion by 2017, growing with 7.2% CAGR during the forecast period, 2018-2025

The market study for banks comprise of overall revenue estimation from financial institutions and bank holding companies operating in South Korea country. The country exhibits strong domestic growth prospects, and expanding its presence to the global scale rapidly. For example, in August 2017, Shinhan, Seoul, South Korea based bank, received National Banking and Securities Commission approval to start its operation named “Banco Shinhan de México, SA, Institución de Banca Múltiple”. This has helped Sinhan Bank to expand its presence in Latin American region. Likewise, Seoul based Woori Bank collaborated with Bank Saudara to launch Bank Woori Saudara in 2015. This collaboration has helped the bank to expand its presence in Indonesian market. Such initiatives would in turn support the industry growth in South Korea, augmenting the market growth.

In addition, FinTech adoption will encourage South Korean consumers to shop around, switching banks, thereby, driving the market growth. However, regulation in the banking industry is costly, working as a high barrier for new entrants. Also, entering this industry as an entirely new start-up company would require substantial investment in brand-building and distribution networks, hampering the industry growth to some extent.

Types Takeaway

Bank Credit
Trading Assets
Inter-bank loans
Cash Assets
Other
Of these, the bank credit segment accounted for the highest revenue, equivalent to over 60% revenue share. The trading assets segment is anticipated to grow with promising growth rate over the future period.

Key Vendors Takeaway

Hana Financial Group
NongHyup Bank
Woori
KB Financial Group
Shinhan
There are numerous competitors within the banking industry. Some of these industry players such as Hana, KB Financial, NongHyup Bank and Shinhan have captured the highest market share, which makes them leading firms. Competition in the South Korean banking industry is high. In this industry, product differentiation exists in the form of fees, interest rates on loans and deposits, lending limits, notice periods for withdrawing, customer convenience, as well as general quality and range of product and service offerings. These factors, along with customer service, reputation and security against fraud, influence customer loyalty.

Hana Financial Group recorded USD 6.35 billion operating income, during the year 2018. The company emerged as the leader of retail banking industry in South Korea and expanding rapidly locally as well as in global market. For instance, in March 2018, Hana expanded its financial reach in one of Vietnam’s four state-run commercial banks, named “Vietnam through acquisition of stake in the Bank for Investment and Development of Vietnam (BIDV)”.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE

Traders & Distributors
Banking Systems
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY TYPES

Bank Credit
Trading Assets
Inter-bank loans
Cash Assets
Other


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

.

FREQUENTLY ASKED QUESTIONS

TABLE OF CONTENT

1. SOUTH KOREA BANKS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.2. Competitive Insights
3. SOUTH KOREA BANKS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. SOUTH KOREA BANKS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. SOUTH KOREA BANKS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. SOUTH KOREA BANKS MARKET – BY TYPES
6.1. Overview
6.1.1. Segment Share Analysis, By Types, 2017 & 2025 (%)
6.2. Bank Credit
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Trading Assets
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Inter-bank loans
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Cash Assets
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Other
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. KEY VENDOR ANALYSIS
7.1. Hana Financial Group
7.1.1. Company Snapshot
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. NongHyup Bank
7.3. Woori
7.4. KB Financial Group
7.5. Shinhan
8. 360 DEGREE ANALYSTVIEW
9. APPENDIX
9.1. Research Methodology
9.2. References
9.3. Abbreviations
9.4. Disclaimer
9.5. Contact Us
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports