Home >> Report Store >> Consumer Goods >> South Korea Banks Market Size, Share & Industry Report, 2025 >

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

82 Pages | Published Date : June 2019 | Report Code: AV325 | Report Format: PDF


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


  • Traders & Distributors
  • Banking Systems
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors


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


  • Bank Credit
  • Trading Assets
  • Inter-bank loans
  • Cash Assets
  • Other


1.1. Study Scope
1.2. Assumption and Methodology
2.1. Market Snippet
2.1.1. Market Snippet by Types
2.2. Competitive Insights
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
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
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
6.1. 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)
7.1. 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
9.1. Research Methodology
9.2. References
9.3. Abbreviations
9.4. Disclaimer
9.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE South Korea Banks Market: Types snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE South Korea Banks Market, by Types 2014-2025 (USD Million)

List of Figures
FIGURE South Korea Banks Market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Types segment market share analysis, 2017 & 2025
FIGURE Types segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Bank Credit market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Trading Assets market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Inter-bank loans market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Cash Assets market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)

The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Types launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Types developments


Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

Why AnalystView?


Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.


Tailor-Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.


Data Accuracy and Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

We make your satisfaction a priority

Share This