Account ownership at a financial institution … 15+ in South Korea
South Korea: Account ownership at a financial institution … 15+ was 96.9% in 2024. ▲ Rising
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 96.9%.
Compared with earlier readings it is down 1.8% on the previous year and up 2.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in South Korea peaked at 98.7% in 2021 and was at its lowest, 93.0%, in 2011.
That places South Korea 23rd out of 117 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution … 15+ in South Korea, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 93.0% | — |
| 2014 | 94.4% | +1.4% |
| 2017 | 94.9% | +0.5% |
| 2021 | 98.7% | +4.0% |
| 2024 | 96.9% | -1.8% |
South Korea compared with similar countries
- South Korea's 96.9% is below the median for high income countries, which is 97.0%, 100% of the median. (42 countries reporting)
- South Korea's 96.9% is above the median for East Asia & Pacific, which is 94.4%, 1.0× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 94.1% | 93.0% | 94.9% | 3 |
| 2020s | 97.8% | 96.9% | 98.7% | 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 96.9% 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 98.7% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in South Korea?
- The lowest recorded value was 93.0% in 2011.
- How does South Korea rank for account ownership at a financial institution or with a?
- South Korea ranks 23rd out of 117 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 up 2.7%. The long-run trend across the full record is rising.
- 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 (% 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 (% age 15+).