the use of credit cards through deregulation. However, this was followed by a debt crisis, which resulted in a significant drop in new credit card issuance. Another sharp decline in 2014 was attributable to a massive data leak that affected more than 100 million credit card accounts held by three major South Korean card companies.
In 2022, around 124 million credit cards were issued in South Korea, up from around 118 million in the previous year. The number of credit cards issued exceeded the 100 million mark in 2002, when the government strongly promoted Number of credit cards issued in South Korea from 2005 to 2022 (in millions)
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Other statistics that may interest you Financial industry in South Korea
Overview
5
- Premium Statistic Number of financial institutions South Korea 2023, by type
- Premium Statistic Total assets of financial institutions South Korea 2011-2021
- Premium Statistic Total assets of financial institutions South Korea 2021, by institution type
- Premium Statistic GDP from the finance and insurance sector South Korea 2011-2023
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Banking industry
8
- Premium Statistic Number of banks South Korea 2023, by type
- Premium Statistic Number of employees working at domestic banks South Korea FY 2018-2022
- Premium Statistic Total assets of banks South Korea 2011-2022
- Premium Statistic ROA of domestic banks South Korea 2010-2022
- Premium Statistic NIM of domestic banks South Korea 2015-2022
- Premium Statistic LCR of commercial banks South Korea 2020-2022
- Premium Statistic Largest banks South Korea FY 2022, by total assets
- Premium Statistic Major digital banks South Korea 2022, by loans and deposits
Insurance industry
8
- Premium Statistic Number of insurance companies South Korea 2016-2023, by type
- Premium Statistic Total assets of life insurance companies South Korea 2012-2022
- Premium Statistic Total assets of non-life insurance companies South Korea 2012-2022
- Premium Statistic Net income of life insurance companies South Korea 2012-2022
- Premium Statistic Net income of non-life insurance companies South Korea 2012-2022
- Premium Statistic Insurance gross premiums South Korea FY 2011-FY 2022
- Premium Statistic Leading life insurance companies South Korea 2022, by gross premiums written
- Premium Statistic Leading non-life insurance companies South Korea 2020, by direct premiums written
Asset management industry
6
- Premium Statistic Number of asset management companies South Korea 2013-2023
- Premium Statistic Number of employees in asset management South Korea 2012-2022
- Premium Statistic Net income of asset managers South Korea 2017-2022
- Premium Statistic Value of assets under management South Korea 2013-2022
- Premium Statistic Assets under management South Korea 2022, by type
- Premium Statistic Robo advisory market size South Korea 2021
Investment advisory industry
5
- Premium Statistic Number of investment advisors South Korea 2016-2022
- Premium Statistic Number of investment advisory industry employees South Korea 2012-2022
- Premium Statistic Net income of investment advisors South Korea FY 2015-FY 2020
- Premium Statistic Value of investment advisory contracts South Korea 2017-2021
- Premium Statistic Leading investment advisors South Korea 2021, by net income
Securities industry
5
- Premium Statistic Number of securities companies South Korea 2016-2023
- Premium Statistic Number of employees working at securities firms South Korea 2012-2022
- Premium Statistic Total assets of securities firms South Korea 2017-2022
- Premium Statistic Net income of securities firms South Korea 2017-2022
- Premium Statistic Leading securities firms South Korea 2022, by net income
Credit card industry
7
- Premium Statistic Number of credit card issuers South Korea 2016-2023
- Premium Statistic Number of employees in the credit card industry South Korea 2012-2022
- Premium Statistic Total assets of credit card issuers South Korea 2012-2022
- Premium Statistic Net income of credit card issuers South Korea 2018-2022
- Premium Statistic Number of issued credit cards South Korea 2005-2022
- Premium Statistic Credit card transaction value South Korea 2004-2022
- Premium Statistic Market share of leading credit card issuers South Korea 2022
Further related statistics
17
- Number of active credit cards for retail clients in Poland 2023, by bank
- Payment cards with a credit function issued in CEE 2021, by country
- Number of credit cards in Poland 2015-2022
- Number of credit cards in Turkey 2013-2020
- Peru: credit card holders as of 2016, by issuer
- Industry revenue of “credit card issuing“ in the U.S. 2012-2024
- Number of credit and retail store cards owned in the U.S. 2018, by age
- Distribution of credit cards issued in Indonesia 2016 by bank
- Industry revenue of “credit card issuing“ in Washington 2012-2024
- Issued check cards in South Korea 2013-2018
- Annual payment card transaction number at any location in Croatia 2013-2021
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- Annual payment card transaction number at any location in Bulgaria 2001-2021
- Global credit, debit, and prepaid cards in circulation 2017-2027, by card scheme
- Growth rate in the number of card payments in the EU-27 as a whole 2000-2019
- Number of payment transactions in Finland 2015-2020, by type
- Annual payment card transaction number at any location in Slovenia 2000-2022
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Statistics
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- Industry revenue of “credit card issuing“ in the U.S. 2012-2024
- Number of credit and retail store cards owned in the U.S. 2018, by age
- Distribution of credit cards issued in Indonesia 2016 by bank
- Industry revenue of “credit card issuing“ in Washington 2012-2024
- Issued check cards in South Korea 2013-2018
- Annual payment card transaction number at any location in Croatia 2013-2021
- Annual payment card transaction number at any location in the EU-27 2000-2022
- Annual payment card transaction number at any location in Bulgaria 2001-2021
- Global credit, debit, and prepaid cards in circulation 2017-2027, by card scheme
- Growth rate in the number of card payments in the EU-27 as a whole 2000-2019
- Number of payment transactions in Finland 2015-2020, by type
- Annual payment card transaction number at any location in Slovenia 2000-2022
KOSIS. (September 12, 2023). Number of credit cards issued in South Korea from 2005 to 2022 (in millions) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/
KOSIS. "Number of credit cards issued in South Korea from 2005 to 2022 (in millions)." Chart. September 12, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/
KOSIS. (2023). Number of credit cards issued in South Korea from 2005 to 2022 (in millions). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/
KOSIS. "Number of Credit Cards Issued in South Korea from 2005 to 2022 (in Millions)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/
KOSIS, Number of credit cards issued in South Korea from 2005 to 2022 (in millions) Statista, https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/ (last visited May 04, 2024)
Number of credit cards issued in South Korea from 2005 to 2022 (in millions) [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/828988/south-korea-issued-credit-card-number/