Market Research Report
Emerging Opportunities in South Korea's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
|Published by||Timetric||Product code||259342|
|Published||Content info||94 Pages
|Emerging Opportunities in South Korea's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape|
|Published: January 8, 2013||Content info: 94 Pages||
This publication has been discontinued on February 2, 2017.
The report provides market analysis, information and insights into South Korea's cards and payments industry, including:
The South Korean cards and payments industry grew at a CAGR of 6.39% during the review period (2008-2012). The debit card category accounted for a CAGR of 5.21%. Over the forecast period (2013-2017) the debit card category is expected to grow at a CAGR of 4.02%. The credit card category occupied the second-largest share during the review period and grew at a CAGR of 7.29% and is expected to grow at a CAGR of 2.24% over the forecast period. The growth of the credit card category will be facilitated by the emergence of non-bank card issuers. The prepaid card category grew at a CAGR of 7.97% during the review period and is expected to grow at a CAGR of 4% over the forecast period. The charge card category posted a CAGR of -4.95% in volume terms in 2011 owing to declining demand from the corporate segment and is anticipated to decline at a CAGR of -2.22% over the forecast period.