Account ownership at a financial institution or with a in Korea
Korea: Account ownership at a financial institution or with a was 98.7% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Korea, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Korea stood at 98.7%.
The figure is down 1.2% on the previous year and up 4.6% over ten years.
Over the whole period, account ownership at a financial institution or with a in Korea peaked at 99.9% in 2021 and was at its lowest, 94.4%, in 2014.
That places Korea 14th out of 102 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution or with a in Korea, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 94.8% | — |
| 2014 | 94.4% | -0.5% |
| 2017 | 96.7% | +2.4% |
| 2021 | 99.9% | +3.3% |
| 2024 | 98.7% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 95.3% | 94.4% | 96.7% | 3 |
| 2020s | 99.3% | 98.7% | 99.9% | 2 |
Countries ranked near Korea
More financial sector data for Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Korea?
- Account ownership at a financial institution or with a in Korea was 98.7% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Korea?
- The highest recorded value was 99.9% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Korea?
- The lowest recorded value was 94.4% in 2014.
- How does Korea rank for account ownership at a financial institution or with a?
- Korea ranks 14th out of 102 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Korea?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (richest 60%, share of population ages 15+).