Account ownership at a financial institution … primary in South Korea
South Korea: Account ownership at a financial institution … primary was 87.4% in 2024. ▬ Flat
Account ownership at a financial institution or with a in South 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 South Korea stood at 87.4%.
Compared with earlier readings it is down 8.5% on the previous year and down 3.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in South Korea peaked at 95.6% in 2021 and was at its lowest, 83.3%, in 2017.
That places South Korea 25th out of 105 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution … primary in South Korea, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 91.4% | — |
| 2014 | 90.7% | -0.7% |
| 2017 | 83.3% | -8.2% |
| 2021 | 95.6% | +14.7% |
| 2024 | 87.4% | -8.5% |
South Korea compared with similar countries
- South Korea's 87.4% is below the median for high income countries, which is 87.7%, 100% of the median. (42 countries reporting)
- South Korea's 87.4% is above the median for East Asia & Pacific, which is 87.4%, 1.0× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 88.5% | 83.3% | 91.4% | 3 |
| 2020s | 91.5% | 87.4% | 95.6% | 2 |
Countries ranked near South Korea
More financial sector data for South 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 South Korea?
- Account ownership at a financial institution or with a in South Korea was 87.4% 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 South Korea?
- The highest recorded value was 95.6% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in South Korea?
- The lowest recorded value was 83.3% in 2017.
- How does South Korea rank for account ownership at a financial institution or with a?
- South Korea ranks 25th out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in South Korea?
- Over the last ten years it is down 3.7%. The long-run trend across the full record is flat.
- Where does this South 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, primary education or less (% 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 (primary education or less, % of population ages 15+).