South Korea’s Cards and Payments Industry Forecast to 2018

1
South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive
LandscapebyTimetric

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South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape

• Synopsis
• The report provides top-level market analysis,
  information and insights into South Koreas cards
  and payments industry, including
• Current and forecast values for each category of
  South Koreas cards and payments industry,
  including debit cards, credit cards and prepaid
  cards
• Comprehensive analysis of the industrys market
  attractiveness and future growth areas
• Analysis of various market drivers and
  regulations governing South Koreas cards and
  payments industry
• Detailed analysis of the marketing strategies
  adopted for selling debit, credit and prepaid
  cards used by banks and other institutions in the
  market
• Comprehensive analysis of consumer attitudes and
  buying preferences for cards
• The competitive landscape of South Koreas cards
  and payments industry
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3
South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape

• Summary
• The South Korean card payments channel registered
  growth during the review period (2009-2013)
  posting a compound annual growth rate (CAGR) of
  4.22 to reach 294.4 million cards in circulation
  by the end of 2013. The card payments channel
  valued KRW986.0 trillion (US899.5 billion) in
  2013. Changing lifestyle demographics, the
  increased popularity of online shopping and
  higher disposable income per capita supported the
  growth of the volume of cards in circulation. The
  debit card category occupied the largest share
  and grew at a review-period CAGR of 4.19. Over
  the forecast period (2014?2018) the debit card
  category is expected to post a CAGR of 1.84. The
  credit card category occupied the second-largest
  share at a review-period CAGR of 2.82. The
  credit card category is expected to register a
  forecast-period CAGR of 1.80. An increase in
  household debt burden has prompted the South
  Korean government to introduce measures to
  discourage credit card spending.
• The government reduced tax deductions on credit
  card transactions and increased tax deductions
  for debit and prepaid cards. During the first
  three quarters of 2011, merchandize credit valued
  KRW1.6 trillion (US1.44 billion), whereas during
  the first three quarters of 2012, that value was
  reduced to KRW0.1 trillion (US90 million).
  Spin-off credit card units are expected to
  increase competition over the forecast period.
  Many banks and non-bank firms opt for spin-off
  credit card firms in association with existing
  competitors such as telecom operators.
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  ve-landscape-market-report.html .

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South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape

• Scope
• This report provides a comprehensive analysis of
  South Koreas cards and payments industry.
• It provides current values for South Koreas
  cards and payments industry for 2013, and
  forecast figures for the period up to 2018.
• It details the different economic,
  infrastructural and business drivers affecting
  South Koreas cards and payments industry.
• It outlines the current regulatory framework in
  the industry.
• It details the marketing strategies used by
  various banks and other institutions.
• It profiles the major banks in South Koreas
  cards and payments industry.
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5
South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape

• Reasons To Buy
• Make strategic business decisions using top-level
  historic and forecast market data related to
  South Koreas cards and payments industry and
  each market within it.
• Understand the key market trends and growth
  opportunities within South Koreas cards and
  payments industry.
• Assess the competitive dynamics in South Koreas
  cards and payments industry.
• Gain insights in to the marketing strategies used
  for selling various card types in South Korea.
• Gain insights into key regulations governing
  South Koreas cards and payments industry.
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6
South Koreas Cards and Payments Industry
Emerging Opportunities, Trends, Size, Drivers,
Strategies, Products and Competitive Landscape

• For more details contact Mr. Priyank Tiwari
  sales_at_rnrmarketresearch.com / 18883915441

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