Market Research Report
Consumer Lending in South Korea
|Published by||Euromonitor International||Product code||971598|
|Published||Content info||16 Pages
Delivery time: 1-2 business days
|Consumer Lending in South Korea|
|Published: November 12, 2020||Content info: 16 Pages||
Consumer lending in South Korea has been strongly impacted by the COVID-19 pandemic, with government restrictions and lockdown measures limiting demand for loans. Like in other countries, many consumers in South Korea decided to postpone taking on credit and purchasing non-essential goods. On the other hand, the scale of the crisis has been softened by government support programmes.
Euromonitor International's Consumer Lending in South Korea report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
List OF CONTENTS AND TABLES
COVID-19 impact on consumer lending
COVID-19 country impact
Impact of crisis on economy results in drop in demand for new loans
Lockdown further drives continued shift to online consumer lending
Government help supports mortgage lenders and repayment capacity
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
COVID-19 crisis negatively impacts demand and repayment capacity
Auto loan providers hit particularly hard by crisis
Support packages from government help boost confidence
RECOVERY AND OPPORTUNITIES
Economic recovery key to supporting future demand
Growing competition puts pressure on lenders to expand their offers
Shift towards digital lending shows no signs of slowing