Account ownership at a financial institution or with a in Korea
Korea: Account ownership at a financial institution or with a was 96.6% in 2024. ▬ Flat
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 96.6%.
That represents a change of down 2.0% on the previous year and up 1.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Korea peaked at 98.7% in 2021 and was at its lowest, 93.0%, in 2011.
That places Korea 24th out of 106 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 | 93.0% | — |
| 2014 | 95.4% | +2.6% |
| 2017 | 95.0% | -0.4% |
| 2021 | 98.7% | +3.8% |
| 2024 | 96.6% | -2.0% |
Korea compared with similar countries
- Korea's 96.6% is below the median for high income countries, which is 97.0%, 100% of the median. (42 countries reporting)
- Korea's 96.6% is above the median for East Asia & Pacific, which is 96.6%, 1.0× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 94.5% | 93.0% | 95.4% | 3 |
| 2020s | 97.7% | 96.6% | 98.7% | 2 |
Countries ranked near Korea
- 21 New Zealand 97.2% compare
- 22 Malta 97.0% compare
- 23 United States of America 96.9% compare
- 25 Iran, Islamic Republic of 95.3% compare
- 26 Czechia 95.0% compare
- 27 Portugal 94.8% compare
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 96.6% 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 98.7% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Korea?
- The lowest recorded value was 93.0% in 2011.
- How does Korea rank for account ownership at a financial institution or with a?
- Korea ranks 24th out of 106 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 1.3%. The long-run trend across the full record is flat.
- 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, male (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 (male, % age 15+).